maritzamiranda2016 maritzamiranda2016
  • 18-12-2020
  • Mathematics
contestada

A principal of $1100 is invested at 8% interest, compounded annually. How many years will it take to accumulate $2000 or more in the account?

Respuesta :

nperriott0411 nperriott0411
  • 18-12-2020

Answer:

Step-by-step explanation:

X = # of years

8% of 1100 = 88

88X =2000

X = 22.7

23 years

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