Question

Jordan invested $8,500 in an account paying an interest rate of 4.1% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $13,070?

Answer 1

Answer:

1240

Step-by-step explanation:

6x4=24

1000/10=100

100x2=200

100/10=10

10x4=40

200+40=240

1000+240=1240

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