Question

Help ! Anyone ? .

in the choices I've got there is no 13 years and 8 month... (they have 13 years and 10 months) so I'm guessing is that one.. but they also have 13 years and 5 months... so like, i want to know how to solve



Brooklyn has a goal to save $8,000 to buy a new entertainment system. In order to meet that goal, she deposited $4,132.79 into a savings account. If the account has an interest rate of 4.8% compounded quarterly, approximately when will Brooklyn be able to make the purchase?
10 years, 1 month

13 years, 10 months

14 years, 1 month

26 years, 10 months

Answer 1

8,000=4,132.79(1+4.8%/4)^(4*t) did I set it up right ?

Answer 2

looks right

Answer 3

you need to convert '13.8 years' to 'years' and 'months'

Answer 4

for ex, '13.5 years' is not same as '13 years 5 months'

Answer 5

'13.5 years' is '13 years 6 months'

Answer 6

getting ?

Answer 7

13.8 years = 13 years + .8 years
= 13 years + .8 x 12 months

simplify

Answer 8

22.6 ?

Answer 9

13.8 years = 13 years + .8 years
= 13 years + .8 x 12 months
= 13 years + 9.6 months

Answer 10

you dont add years wid months directly :)

Answer 11

thats just, 13 years and 9.6 months

Answer 12

round 9.6 to get 10

Answer 13

yes !

Answer 14

Thank you soo much :D

Answer 15

np :)