Question

PLEASE HELP‼️
You deposit $400 in an account that pays 5% annual interest How long will it take for the balance to double for each frequency of compounding?
a. annually
b. quarterly
c. daily
d. continuously
I NEED AN ANSWER for ALL 4‼️‼️‼️‼️‼️

Answer 1

Answer: hi lissette

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:

Annually: 14.21 years

Quarterly: 13.95 years

Daily: 13.86 years

Continuously: 13.86 years

:)