numerical values only without any decimal place, comma or dollar sign. For example if your answer is $$5,000$ input it as $5000).$ How long will it take your money to grow to $$30,000$ if you move it into an account that pays $3$ percent compounded annually?

A

$($Please input your answer in numerical values, round up to the nearest whole number, no decimal place, for example if your answer is $3\mathrm{.}8,$ please round up to $4).$ How long will it take your money to grow to $$30,000$ if you move it into an account that pays $11$ percent?

rmation

$$ A $($Please input your answer in numerical values, round up to the nearest whole number, no decimal place, for example if your answer is $3\mathrm{.}8,$ please round up to $4).$ The answers above tells us that there is inverse relationship between the interest rate and the time required to achieve a certain future sum as a result of compounded interest. As the interest rate decreases. more time is needed to achieve the same future sum.

A Please put your answer either true or

$$

false, lower cases only$)$