Ask Question
28 January, 18:01

You decide to put $150 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2.5% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds? A. 10.1101 years / B. 119.954 years / C. 121.321 years / D. 134.34 years

+2
Answers (1)
  1. 28 January, 21:34
    0
    It would take 121.321 years, or simply answer C
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You decide to put $150 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2.5% per ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers