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OpenStudy (anonymous):
We deposit $ 6500 into an account earning 8 % interest compounded semiannually. How many years will it take for the account to grow to $ 16250?
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OpenStudy (anonymous):
it would take roughly 19 years
OpenStudy (anonymous):
how did you solve it?
OpenStudy (anonymous):
its wrong :/
OpenStudy (anonymous):
\[6500\times8percent =520\]\[16250-6500=9750\] \[9750\div520=18.75 round \to19\]
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