You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest,compounded annually.How long will you have to wait until your winnings are worth $75,000?
A)21.24 years
B)25.00 years
C)22.29 years
D)22.67 years
E)23.95 years

Question

Quizplus · Accepted Answer

The Answer of You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest,compounded annually.How long will you have to wait until your winnings are worth $75,000?
A)21.24 years
B)25.00 years
C)22.29 years
D)22.67 years
E)23.95 years

You Just Won $30,000 and Deposited Your Winnings into an Account