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A principal of $1100 is invested at 8% interest, compounded annually. How many years will it take to accumulate $2000 or more in the account?

User Iuq
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1 Answer

2 votes

Answer:

Explanation:

X = # of years

8% of 1100 = 88

88X =2000

X = 22.7

23 years

User Jcccn
by
8.6k points
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