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George wants to save money for a car. George invests $1,100 in an account that pays an interest rate of 4%. How many years will it take for the account to reach $3,900?

George wants to save money for a car. George invests $1,100 in an account that pays an interest rate of 4%. How many years will it take for the account to reach $3,900?
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George wants to save money for a car. George invests $1,100 in an account that pays an interest rate of 4%. How many years will it take for the account to reach $3,900?

User Behzad Hassani
by
7.1k points

1 Answer

6 votes
To reach $3,900 with an interest rate of four percent on an account originally containing $1,100, it would take 32.27 years.
User IlPittiz
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