Cain deposited $6,033 into a savings account 25 years ago. The account has an interest rate of 4.2% and the balance is currently $17,208.63. How often does the interest compound?

Question

Hero · Answer

@Trevormoon are you familiar with the formula for compound interest?

Vocaloid · Answer

|dw:1564017043971:dw|

Vocaloid · Answer

old question but will provide guidance so this can be closed

P is principal, the initial amount invested ($6,033)
interest rate, as a decimal, 0.042
A = amount after interest, given as $17,208.63
t is time, given as 25 years
n is the number of times compounded, which is what we want to solve for

so you should just be able to plug everything into the equation and solve for n