Question
$219is deposited into a savings account at6% interest, compoundedmonthly. To the nearest year, how long will it take for the account balance to reach $493?
$219is deposited into a savings account at6% interest, compoundedmonthly. To the nearest year, how long will it take for the account balance to reach $493?
(Hint: You have to solve an exponential equation and note that answer has to be inyears)
9years
12years
19years
None of these
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Holt Mcdougal Larson Algebra 2
Authors: HOLT MCDOUGAL
1st Edition 2012
9780547647159, 0547647158
