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A $1,000 savings account earns 2.3% interest compounded monthly. how long will it take to double the original investment?

A $1,000 savings account earns 2.3% interest compounded monthly. how long will it take to double the original investment?
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a $1,000 savings account earns 2.3% interest compounded monthly. how long will it take to double the original investment?

User Nereo Costacurta
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7.8k points

1 Answer

4 votes
It will take a total of 44 months
User Zlatomir
by
8.9k points
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