abdulmalikali1429 abdulmalikali1429
  • 21-11-2018
  • Mathematics
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Suppose you deposit $2,000 in a savings account that pays interest atan annual rate of 4%. If no money is added or withdrawn,determine how many years it will take for the account to contain $2,500

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huyenmunnguyenp7a2d6 huyenmunnguyenp7a2d6
  • 01-12-2018

Answer:

6 years

Step-by-step explanation:

2500=2000(1+4%)^x

X=5,6 => 6years since 5 years is not enough

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