Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn, determine how many years it will take for the account to contain $3,000.
A) 4 years
B) 7 years
C) 11 years
D) 14 years
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Home » Mathematics » Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn, determine how many years it will take for the account to contain $3,000. A) 4 years B) 7 years C) 11 years D) 14 years