Suppose you deposited $4,000 in a savings account earning 2.1% interest compounding daily. How long will it take for the balance to grow to $11,000? Answer in years rounded to one decimal place. (e.g., 2.4315 years --> 2.4)
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Suppose you deposited $4,000 in a savings account earning 2.1% interest compounding daily. How long will it take for the balance to grow to $11,000? Answer in years rounded to one decimal place. (e.g., 2.4315 years --> 2.4)
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