Four? Isn't it stated in the question? Unless I am assuming wrong.
The required equation is y = 10000(1.0.25)^2x. The value of Christina’s investment after 20 years is $30,773.14
Compound interest
The interest accrued on a sum of money is known as interest. The formula for calculating the compound interest is expressed as:
y = y0(1+r/n)^nx
where
x is the time taken
r is the rate in decimal
n is the compounding time
Given the following
x = 20 years
n 2(semi annually)
r = 5.7% = 0.057
Substitute
y = 10000(1+0.057/2)^2(20)
y = 10,000(1 + 0.0285)^40
y = 10000(1.0285)^40
y = 30,773.14
Hence the value of Christina’s investment after 20 years is $30,773.14
Learn more on compound interest here: brainly.com/question/24924853
The answer would Be C. Or B
Your welcome!!!!!!!
Answer:
Given Rate of interest is r=8%=0.08
Principal Amount is A=5,000
Time is t years
Interest is compounded yearly twice ⟹n=2
Amount =P(1+
n
r
)
nt
=5000×(1+
2
0.08
)
2t
=5,408
(1.0816)
t
=
5000
5408
⟹t=1