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Donald deposits $700 in a savings account with a 3% interest rate compounded monthly. How long until he has $4500 in the account?​

Donald deposits $700 in a savings account with a 3% interest rate compounded monthly. How long until he has $4500 in the account?​
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Donald deposits $700 in a savings account with a 3% interest rate compounded monthly. How long until he has $4500 in the account?​

asked
User SethO
by
8.5k points

1 Answer

5 votes

Answer:

$21 a month it would be 43 years

Explanation:

hope this help

answered
User Cary Shindell
by
7.8k points
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