asked 151k views
2 votes
Cameron opens a checking account and a savings account at his local bank. He deposits $10,000 into his checking account and $2,000 into his savings account. He will withdraw $1,200 from his checking account each year. His savings account earns 8% interest each year. In how many years will both accounts have the same balance?

asked
User Candece
by
8.5k points

1 Answer

4 votes
5.88 years. Have a good day :)
answered
User Jan Palas
by
8.2k points
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