Jaidee invests $2,628 in a retirement account with a fixed annual interest rate of 2.33% compounded 12 times per year. How long will it take for the account balance to reach $3,726.18?

The time it will take for the account balance to reach $3,726.18 is 15 months.

Step-by-step explanation:

The information provided is:

The formula of compound interest (compounded monthly) is:

Compute the value of t as follows:

Thus, the time it will take for the account balance to reach $3,726.18 is 15 months.

the number of possible outcomes that do not show a 1 on the first spinner and show the number 4 on the second spinner is 2.

spinner 1 spinner 2

1                     1

1                     2

1                     3

1                     4

2                   1

2                   2

2                   3

2                   4   = not 1, and 4

3                   1

3                   2

3                   3

3                   4 = not 1, and 4

only 2 outcomes have passed the given condition.

step-by-step explanation: