Question

FAN AND MEDAL:
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?

10.1101 years
119.954 years
121.321 years
134.34 years

Answer 1

@acxbox22 @Astrophysics @Aureyliant @AutumnRoseT @appleduardo @AeroSmith @badmood @Blosson505 @Compassionate @CausticSyndicalist @Cubi-Cal @creegan @Calvin3 @candice15

Answer 2

@dan815

Answer 3

@DullJackel09 @DarkMoonZ

Answer 4

@Hero here it is.