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Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn,determine how many years it will take for the accou…

Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn,determine how many years it will take for the accou…
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Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn,determine how many years it will take for the account to contain $3,000.

A) 4 years
B) 7 years
C) 11 years
D) 14 years

User Alpere
by
8.3k points

1 Answer

2 votes

The answer is C) 11 years.

User Jose M Vidal
by
8.8k points
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