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melomori [17]
3 years ago
7

Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. After t years, Jacques has $3,875.79 in

the account. Assuming he made no additional deposits or withdrawals, how long was the money in the account? Compound interest formula:mc007-1.jpg t = years since initial deposit n = number of times compounded per year r = annual interest rate (as a decimal) P = initial (principal) investment V(t) = value of investment after t years
Mathematics
2 answers:
Ann [662]3 years ago
7 0
The answer is 456.00
melisa1 [442]3 years ago
7 0
The answer is ABOUT 18 years
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