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The balance in LanaLana's savings account is currently $35,000. Initially, LanaLana opened the account by depositing...

  • The balance in LanaLana's savings account is currently $35,000. Initially, LanaLana opened the account by depositing $10,000 at 5.75% interest per year, compounded semi-annually (2 times per year). She made no other deposits into the account after her original deposit. How many years (to two decimal places) has it been since Lana opened the savings account?

a)

20.71 years

b)

22.10 years

c)

22.41 years

d)

22.90 years

Math   Calculus   
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