A bank offers an annual rate of 2.25% compounded monthly. If $1,000 is deposited in this account, how long will it take
Posted: Sat Nov 27, 2021 5:34 pm
A bank offers an annual rate of 2.25% compounded monthly. If
$1,000 is deposited in this account, how long will it take for the
balance to reach $1,600? Only enter the number, in years, rounded
to two decimal places.
$1,000 is deposited in this account, how long will it take for the
balance to reach $1,600? Only enter the number, in years, rounded
to two decimal places.