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Madeline invested $960 in an account paying an interest rate of 3.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account
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Madeline invested $960 in an account paying an interest rate of 3.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $1,250?

User Cbst
by
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2 Answers

7 votes

Answer:

Answer:

It is 8 years

Explanation:

Explanation:

User QuickPrototype
by
5.5k points
3 votes

Answer:

It is 8 years

Explanation:

User Srneczek
by
4.9k points
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