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You currently have $196.5 in your savings account at an annual rate of 14 percent. How many years will it take for this investment to grow to a value of $577.8?

You currently have $196.5 in your savings account at an annual rate of 14 percent. How many years will it take for this investment to grow to a value of $577.8?
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3 votes
You currently have $196.5 in your savings account at an annual

rate of 14 percent. How many years will it take for this investment
to grow to a value of $577.8?

asked
User TrinitronX
by
8.9k points

1 Answer

4 votes
9 years

use the equation 196.5(1.14)^9
answered
User Adesh Atole
by
8.4k points
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