Ace school

with brainly

  • Get help from millions of students
  • Learn from experts with step-by-step explanations
  • Level-up by helping others

A community for students.

PLZ HELP???!!!!! Carissa deposited $4,232.56 into a savings account with an interest rate of 3.4% compounded daily. About how long will it take for the account to be worth $7,000? 48 years, 8month 15 years, 1 months 19 years, 3 months 14 years, 10 months

Mathematics
See more answers at brainly.com
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Join Brainly to access

this expert answer

SEE EXPERT ANSWER

To see the expert answer you'll need to create a free account at Brainly

\[A=P(1+\frac{r}{n})^{nt}\]
Plug into that, and solve for t
ok let me try and tell me if I am right ok

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

so is it \[4,232.56(1+0.034/365)^{365t}\]
yes
=7000
I got 19 years 3 months is that right?
no
\[7000=4232.56(1+\frac{.034}{365})^{365t}\] \[\frac{7000}{4232.56}=(1.000093151)^{365t}\] \[\ln 1.653845=365t \ln 1.000093151\]
Solving that yields t = 14.79 .79(12)=9.57 So 14 years 9.57 months or about 14 years 10 months.
O ok thanks so much
yw

Not the answer you are looking for?

Search for more explanations.

Ask your own question