Question

Ramona deposited $4,190.51 into a savings account with an interest rate of 5.2% compounded twice a year. About how long will it take for the account to be worth $9,000?

33 years, 5 months

29 years, 9 months

14 years, 11 months

20 years, 8 months

Answer 1

Please help medal award!

Answer 2

http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Answer 3

http://static2.businessinsider.com/image/500ee2276bb3f7b229000002-1200/compound-interest.jpg Use this formula.

Answer 4

Thanks guys

Answer 5

9,000=4,190.51(1+0.052/2)^2t

Answer 6

okay I will calculate it now tysm

Answer 7

hello?

Answer 8

what did you get ?

Answer 9

I need help! understanding 4,809.49= 1.026^2t

Answer 10

what do i do now?