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Vladimir79 [104]
3 years ago
12

Which of the following illustrates the correct placement of information for a single

SAT
1 answer:
iren2701 [21]3 years ago
3 0
I think it would be B
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<h3>How long would it take before Carlene can afford to buy the desk?</h3>

When an amount of money is compounded, it means that both the amount that was invested and the interest accrued earn interest.

The formula that can be used to determine the time is

N = log(FV / PV) / log(e) / interest rate

log(500 / 400) / log(e) / 0.06 = 3.71 years = 4 years

To learn more about how to determine time, please check: brainly.com/question/25760893

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