Question:

Gabriel invested $17,000 in an account paying an interest

Last updated: 8/14/2022

Gabriel invested $17,000 in an account paying an interest

Gabriel invested $17,000 in an account paying an interest rate of 3% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $26,600?