Question

Caden deposited $4,251 into a savings account 15 years ago. The account has an interest rate of 3.4% and the balance is currently $7,063.91. How often does the interest compound?

Answer 1

very old question but will respond so this can be closed

Answer 2

A is the final amount (7,063.91), P is the principal amount invested (4,251), t is the number of years (15) and r is the interest rate as a decimal (0.034)

plug in and solve for n. that'll give you the number of times compounded per year.