Ask Question
Yesterday, 23:49

Tina wants to save money for school. Tina invests $400 in an account that pays an interest rate of 8%. How many years will it take for the account to reach $5,500? Round your answer to the nearest hundredth.

+4
Answers (1)
  1. Today, 01:06
    0
    A=p (1+r) ^t

    5500=400 (1+0.08) ^t

    Solve for t

    T=log (5,500:400) : log (1+0.08)

    T=34 years
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tina wants to save money for school. Tina invests $400 in an account that pays an interest rate of 8%. How many years will it take for the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers