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1200 dollars is placed in an account with an annual interest rate of 7.75%. To the nearest year, how long will it take for the account value to reach 8200 dollars?
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45 votes
45 votes
1200 dollars is placed in an account with an annual interest rate of 7.75%. To the nearest year, how long will it take for the account value to reach 8200 dollars?

User Pankaj Nikam
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1 Answer

24 votes
24 votes

Answer:

26 years.

Explanation:

User Nima Ajdari
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