Lydia invested $8,300 in an account paying an interest rate of 2.2% compounded
daily. Assuming no deposits or withdrawals are made, how long would it take, to the
nearest tenth of a year, for the value of the account to reach $12,690?

Question

05-02-2021
Mathematics

Answered

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Lydia invested $8,300 in an account paying an interest rate of 2.2% compounded
daily. Assuming no deposits or withdrawals are made, how long would it take, to the
nearest tenth of a year, for the value of the account to reach $12,690?

Sagot :

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