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If Jane invests $1500 in a savings account with a 6% interest rate compounded monthly, how long will it take until Jane’s amount has a balance of $5200?

If Jane invests $1500 in a savings account with a 6% interest rate compounded monthly, how long will it take until Jane’s amount has a balance of $5200?
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19 votes
If Jane invests $1500 in a savings account with a 6% interest rate compounded monthly, how long will it take until Jane’s amount has a balance of $5200?

asked
User YasBES
by
8.2k points

1 Answer

7 votes

Answer:

22 months it take at all..

answered
User Jared S
by
8.1k points
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