Question

Fredrik invests $120 at a rate of 5.7% per year compound interest.
Calculate the number of complete years it will take until the value of this investment is first greater
than $300.

Pls answer…

Answer 1

Answer:

It is because if we will divide ➗ 300 by 120 ×5.7

Step-by-step explanation:

so we get 130×5.7 = 684

684÷300 = 2.28

hence 2.28 × 685 =1561.8

Thanks