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Derek invested 1,500 into an account that pays 9% intrest compounded monthly. How long must the money be left in the account for it to grow 2,147.11?

Derek invested 1,500 into an account that pays 9% intrest compounded monthly. How long must the money be left in the account for it to grow 2,147.11?
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Derek invested 1,500 into an account that pays 9% intrest compounded monthly. How long must the money be left in the account for it to grow 2,147.11?

User Vikrant Singh
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1 Answer

3 votes
4.79 Months, each month he gains 135 dollars so I subtracted the difference then divided by 135
User MADMap
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