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11-05-2022
Mathematics

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Sadie wants to invest $2,000 in an account that earns 5.2% interest, compounded
monthly. How many years will it take for the account to have a value of $5,000?
Round to the nearest tenth.
About ___ years

Sadie wants to invest 2000 in an account that earns 52 interest compounded monthly How many years will it take for the account to have a value of 5000 Round to class=

Respuesta :

11-05-2022

Answer:

29 years

Step-by-step explanation:

5.2% of 2000= 104 each year time 104 * 29 = 3016+2000=5016

2000 being the previous amount.

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