Answer:
well, there is already $900 so 1800-900=900 now we need 4% of 900 which is $36 900 divided by 36 is 25
it will take 25 years
Step-by-step explanation:
plz mark brainliest i answered first
The number of years that will it take for the value of the account to reach $1,800 should be 25 years.
Since the deposited amount is $900
The rate of interest is 4%
The future value is $1,800
So here the balance amount should be
= $1,800 - $900
= $900
Now 4% of $900 = 36
So the number of year should be
= [tex]900\div 36[/tex]
= 25 years
hence, The number of years that will it take for the value of the account to reach $1,800 should be 25 years.
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