Lily deposited $10,000.00 into a new savings account that earns 15% interest compounded monthly. How long will it take for the balance to grow to $37,822.00?

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asked Apr 24, 2023 188k views

5 votes

Lily deposited $10,000.00 into a new savings account that earns 15% interest compounded monthly. How long will it take for the balance to grow to $37,822.00?

Mathematics
high-school

Yenny asked

by Yenny

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5 votes

I used a calculator and that gave me 7

Jonathan Rowny answered Apr 29, 2023

by Jonathan Rowny

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