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Lily deposited $10,000.00 into a new savings account that earns 15% interest compounded monthly. How long will it take for the balance to grow to $37,822.00?​

Lily deposited $10,000.00 into a new savings account that earns 15% interest compounded monthly. How long will it take for the balance to grow to $37,822.00?​
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Lily deposited $10,000.00 into a new savings account that earns 15% interest compounded monthly. How long will it take for the balance to grow to $37,822.00?​

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User Yenny
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8.2k points

1 Answer

5 votes
I used a calculator and that gave me 7
answered
User Jonathan Rowny
by
8.3k points
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