3 years ago

Please help me with this math question

Mathematics

1 answer:

Alja [10]3 years ago

7 0

Answer:

5.50 years

Step-by-step explanation:

A = P $(1 + \frac{r}{n})^{nt}$

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

3178 = 2000(1+.086/2)^2t

t = 5.499904413

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