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andrew-mc [135]
2 years ago
12

Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. After t years, Jacques has $3,875. 79 i

n the account. Assuming he made no additional deposits or withdrawals, how long was the money in the account?.
Mathematics
1 answer:
lisabon 2012 [21]2 years ago
5 0

Answer:

T=50.99

Step-by-step explanation:

Given:

I=3,875.78

P=1,900

R=4% I.e 4/100 , 0.04

T=?

I=PRT

3,875.79=($1,900)(0.04)t

3,875.79=76t

3,875.79/76= t

T=50.99

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