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You deposit $2,000 into a saving account that gains 7% interest each year. How long will it take for your balance to exceed $3,000?

You deposit $2,000 into a saving account that gains 7% interest each year. How long will it take for your balance to exceed $3,000?
asked 121k views
5 votes
You deposit $2,000 into a saving account that gains 7% interest each year. How long will it take for your balance to

exceed $3,000?

asked
User Krzysztof Wolny
by
8.0k points

1 Answer

2 votes

Answer:

its simple just divide and multipy it by 100%

Explanation:

here

answered
User Brian Schmitz
by
7.9k points
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