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Jeremiah deposited 3,000.00 into a new savings account that earns 10% interest compounded monthly. How long will it take for the balance to grow to 7,172.00?

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解答

Jeremiahdeposited3,000.00intoanewsavingsaccountthatearns10%interestcompoundedmonthly.Howlongwillittakeforthebalancetogrowto7,172.00?

解答

Time:8.75
求解步骤
Translate the problem into an equation:7172=3000(1+120.1​)12t
求解 t,7172=3000(1+120.1​)12t:t=8.75
Time:8.75

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