Question

Curtis wants to save money for a trip overseas. Curtis invests 800 in an account that pays an interest rate of 6.25%. How many years will it take for the account to reach $10800? round your answer to the nearest hundredth ​

Answer 1

(assuming the interest rate is annual) you can calculate that the interest rate is 50$ a year, when subtracting the original deposit you can divide out the annual interest rate to get an answer of 200 or 20 i think