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. Opal deposited $2,925.90 into a savings account with an interest rate of 3.9% compounded twice a year. About how long will it take for the account to be worth $6,000? 18 years…
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. Opal deposited $2,925.90 into a savings account with an interest rate of 3.9% compounded twice a year. About how long will it take for the account to be worth $6,000? 18 years…
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Sep 1, 2018
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. Opal deposited $2,925.90 into a savings account with an interest rate of 3.9% compounded twice a year. About how long will it take for the account to be worth $6,000?
18 years, 10 months
26 years, 4 months
18 years, 8 months
64 years, 1 month
Mathematics
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Green Fire
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T=[log(6000/2925.9)/log(1+0.039/2)]/2
T=18.6 years
18 years and 6 months
Something wrong with your options
Madhur Bansal
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Sep 7, 2018
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Madhur Bansal
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