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    Debbiestudent's Avatar
    Debbiestudent Posts: 1, Reputation: 1
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    #1

    Jun 25, 2017, 12:08 AM
    How many years has the deposit been invested
    Val Hooper deposited $11,600 in the bank on January 1 a few years ago. The bank pays an interest rate of 10% compounded annually, and the deposit is now worth $30,052. For how many years has the deposit been invested?
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #2

    Jun 26, 2017, 10:16 AM
    We don't do your homework. However, Google "how interest compounds" and go from there.

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