Jed deposited $400 into a bank that offers 3.9% interest rate, compounded daily. In how many years will his balance be $800? A. 18.5 years B. 24.1 years C. 17.7 years D. 12.1 years

Question

Maximus Mooney

Mathematics

17 June, 01:16

Jed deposited $400 into a bank that offers 3.9% interest rate, compounded daily. In how many years will his balance be $800? A. 18.5 years B. 24.1 years C. 17.7 years D. 12.1 years

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Answers (2)

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Demarcus Gilbert · Answer 1

The correct answer is C. 17.7 years because if they deposited thatnumber by the total number of the amount wanted to be found, you would come up with 17.7.

Shamar Dixon · Answer 2

Shamar Dixon 17 June, 01:44

0

The answer here is 17.7 years