Jack has $800 in his savings account today. He earns interest at 3.6% p.a. compounded quarterly. He leaves the money in the account and does not make another deposit. He needs n years to earn $1600 total interest.

1. Which of the following equations can be used to find n? (1 mark)

2400=800*(1+0.036/4)^n

1600=800*(1+0.036)^n

2400=800*(1+0.036/4)^4n

1600=800*(1+0.036/4)^n

1600=800*(1+0.036/4)^4n

2400=800*(1+0.036)^n