Jordan invested $8,500 in an account paying an interest rate of 4.1% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $13,070?

52 days

Step-by-step explanation:

if compounding daily we can see what 1 year accumulates using the function

360 / interest rate = 360/4.1 = 87.8048780488 = 87.80 per day

We can use inverse of the balance profit to use the exact amount difference to then divide into the date of withdrawal

$13070- 8500 = 4570

4570/ 87.8048780488 = 52.04 = 52 days.

the answer is 0.3175 hope that you ^w^

also you might actually want to put this picture up if you want people to solve it luckily i remember this question

answer: 80,000

step-by-step explanation:

the population doubles every day.

10,000*2=20,000 day 4

20,000*2=40,000 day 5

40,000*2=80,000 day 6