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Tim has a savings account with the bank. The bank pays him 4% per year. He has $5,500 and wonders when it will reach $6,100. When will his savings reach $6,100?

Tim has a savings account with the bank. The bank pays him 4% per year. He has $5,500 and wonders when it will reach $6,100. When will his savings reach $6,100?
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3 votes
Tim has a savings account with the bank. The bank pays him 4% per year. He has $5,500 and wonders when it will reach $6,100. When will his savings reach $6,100?

asked
User Ed Staub
by
8.5k points

1 Answer

3 votes

Answer:

2.72 years

Explanation:

answered
User Chrsan
by
8.3k points
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