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A $1,000 savings account earns 2.3% interest compounded monthly. how long will it take to double the original investment?

A $1,000 savings account earns 2.3% interest compounded monthly. how long will it take to double the original investment?
asked 225k views
3 votes
a $1,000 savings account earns 2.3% interest compounded monthly. how long will it take to double the original investment?

asked
User Nereo Costacurta
by
7.8k points

1 Answer

4 votes
It will take a total of 44 months
answered
User Zlatomir
by
8.9k points
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