MD FAISAL AHAMED H. answered • 01/14/25
Tutor
New to Wyzant
I can Show you How Easy the Science is.
It would take approximately 30 months for the account balance to exceed $15,000.
Mirian I.
asked • 01/28/15Math Question
Suppose you deposit $12,000 in a bank account bearing 9.6% interest compounded monthly.
How many months would it take (to the nearest month) for your account balance to top $15,000? Use the trial and error method with a calculator to find your answer.
How many months would it take (to the nearest month) for your account balance to top $15,000? Use the trial and error method with a calculator to find your answer.
Follow
•
1
Add comment
More
Report
1 Expert Answer
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
