Thomas wants to save money for a vaction. Thomas invests $400 in an account that pays an interest rate of 4% How many years will it take for the account to reach $3400

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Addy asked Jun 1, 2023

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Thomas wants to save money for a vaction. Thomas invests $400 in an account that pays an interest rate of 4% How many years will it take for the account to reach $3400

Mathematics
high-school

Addy asked Jun 1, 2023

by Addy

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15 votes

Answer:

55 years

Explanation:

3,458.55 = 400.00(1 + 0.04)^55

DamianoPantani answered Jun 6, 2023

by DamianoPantani

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