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I have $500 in an account that pays 6.75% interest rate. How many years will it take to get to $14,300?

I have $500 in an account that pays 6.75% interest rate. How many years will it take to get to $14,300?
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1 vote
I have $500 in an account that pays 6.75% interest rate. How many years will it take to get to $14,300?

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User Dine
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1 Answer

7 votes
Hope this helps. I wasn't sure if it was compounded continuously or not.
I have $500 in an account that pays 6.75% interest rate. How many years will it take-example-1
answered
User Son Pham
by
8.5k points
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