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Madeline invested $960 in an account paying an interest rate of 3.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year,…

Madeline invested $960 in an account paying an interest rate of 3.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year,…
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22 votes
Madeline invested $960 in an account paying an interest rate of 3.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $1,250?

asked
User Cbst
by
7.8k points

2 Answers

7 votes

Answer:

Answer:

It is 8 years

Explanation:

Explanation:

answered
User QuickPrototype
by
7.9k points
3 votes

Answer:

It is 8 years

Explanation:

answered
User Srneczek
by
7.8k points
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