Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

If Ambrea deposits $4000 in the bank and there is a 3% interest rate, how long will it take her to save $7000

Sagot :

Answer:

I believe the answer is 25 years

Step-by-step explanation:

3% of 4000 is 120

3000 divided by 120 is 25

12651241

Answer:

25 years

Step-by-step explanation:

So you have $4000, with a rate of 3% interest.

You want to see how long it takes to save up to $7000.

Do,

3% of $4000 is $120.

It takes a year to get a interest.

And you need $3000 dollars.

Now do 3000 ÷ 120.

You get 25.

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.