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Carter deposited $146.00 into a new savings account that earns 13% interest compounded quarterly. How long will it take for the balance to grow to $239.00? Round your answer to the nearest month. ___ years
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Carter deposited $146.00 into a new savings account that earns 13% interest compounded

quarterly. How long will it take for the balance to grow to $239.00?
Round your answer to the nearest month.

___ years and ___ months

User Passsy
by
4.8k points

1 Answer

6 votes

Answer:

it should be around 4 months I believe

Explanation:

146.00(1+0.13/4)^(4×4)

User Pelican
by
4.7k points
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