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-Find Out How Long It Takes A $2900\$ 2900 Investment to Earn

Question 216

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-Find out how long it takes a $2900\$ 2900 investment to earn $400\$ 400 interest if it is invested at 7%7 \% compounded semiannually. Round to the nearest tenth of a year. Use the formula A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } .


A) 2.12.1 years
B) 1.71.7 years
C) 1.91.9 years
D) 2.32.3 years

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