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5600 dollars is placed in an account with an annual interest rate of 8.5%. To the nearest year, how long will it take for the account value to reach 15000 dollars?

5600 dollars is placed in an account with an annual interest rate of 8.5%. To the nearest year, how long will it take for the account value to reach 15000 dollars?
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5600 dollars is placed in an account with an annual interest rate of 8.5%. To the nearest year, how long will it take for the account value to reach 15000 dollars?

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User Harto
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1 Answer

2 votes

It takes about 20 years

answered
User Hypee
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7.9k points
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