Jed deposited $400 into a bank that offers 8.9% interest rate, compounded daily. In how many years will his balance be $800? A. 24.1 years B. 12.1 years C. 17.7 years D. 18.5 years

Jed deposited $400 into a bank that offers 8.9% interest rate, compounded daily. In how many years will his balance be $800?

A. 24.1 years
B. 12.1 years
C. 17.7 years
D. 18.5 years

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