# Semiannually compound interest

If you deposit $ 5,000 into an account paying 8.25% annual interest compounded semiannually, how long until there is $9350 in the account?

### Correct answer:

#### You need to know the following knowledge to solve this word math problem:

**algebra**- exponential equation
- expression of a variable from the formula
**basic functions**- logarithm
- exponential function

#### Units of physical quantities:

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