Suppose you deposit $5,000 in a savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how

Question

MA_775_DIABLO [31]

4 years ago

5

Suppose you deposit $5,000 in a savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how

many years will it take the account balance to reach at least $6,000? A. 10 years. B. 6 years. C. 7 years. D. 4 years

Mathematics

1 answer:

nikklg [1K] · Answer 1 · 2021-11-14T10:06:20+03:00

nikklg [1K]4 years ago

5 0

Suppose you deposit $5,000 in a savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how many years will it take the account balance to reach at least $6,000? A. 10 years. B. 6 years. C. 7 years. D. 4 years