Love Hills
09/19/2024 · Elementary School
Ray deposited \( \$ 14000 \) into a bank with a monthly compound interest gained at \( 0.9 \% \) each month. How long will it take for the account balance to reach \( \$ 14800 \) ? Round your answer to the next largest month.
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It will take approximately 7 months for the account balance to reach $14800.
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