For, use compounded interest rate unless it explicitly requires using simple interest. 1) How long will...

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For, use compounded interest rate unless it explicitly requires using simple interest. 1) How long will...

For, use compounded interest rate unless it explicitly requires using simple interest.
1) How long will it take for $15,000 to grow to $25,000 at 6% annual interest? State your answer in years (rounded to the nearest tenth of a year, meaning 3.12 years would be entered as 3.1 for example).

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Answer 1

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25000 = 15000 + 0.o6 3 side - 876 メニ8.8

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