3. Gavin deposited $200 into his savings account that is compounded semi-annually at an interest rate of 9%. Gavin hoped he would have enough money in 8 years to buy a $400 gaming console for college.

3. Gavin deposited $200 into his savings account that is compounded semi-annually at an interest rate of 9%. Gavin hoped he would have enough money in 8 years to buy a $400 gaming console for college. Is Gavin correct? Write and solve an equation, showing your work to justify your answer.

I just need the equation.

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3. Gavin deposited $200 into his savings account that is compounded semi-annually at an interest rate of 9%. Gavin hoped he would have enough money in 8 years to buy a $400 gami…

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