Question

Jed deposited $400 into a bank that offers 3.9% interest rate, compounded daily. In how many years will his balance be $800? A. 18.5 years B. 24.1 years C. 17.7 years D. 12.1 years

Answer 1

The answer here is 17.7 years

Answer 2

The correct answer is C. 17.7 years because if they deposited thatnumber by the total number of the amount wanted to be found, you would come up with 17.7.