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Formula? $268 is deposited into savings account at 4% interest, compounded quarterly. To the nearest year, how long will it take for the account balance to reach $427? Answer: 1…

Formula? $268 is deposited into savings account at 4% interest, compounded quarterly. To the nearest year, how long will it take for the account balance to reach $427? Answer: 1…
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Formula?

$268 is deposited into savings account at 4% interest, compounded quarterly. To the nearest year, how long will it take for the account balance to reach $427?
Answer: 12 years

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User Jianping
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1 Answer

3 votes
12 years Ig man have a good day
answered
User Sumit Ridhal
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7.9k points
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