. You are trying to convince your younger brother that he should invest the $3,500 he...

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. You are trying to convince your younger brother that he should invest the $3,500 he received for graduation into a savings account instead of spending it right away. He remains unconvinced that saving the money is the better option. He asks you the following question: Approximately how many years would it take for the invested money to grow to $10,000 if the investment earned 10% annual interest? years

business accounting

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Answer 1

Answer #1

It will take 11.0148 years to reach your goal of $10,000.. (Below is the calculation)

$10,000.00 In $3,500.00 In 0.10000

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Answer 2

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