# Question: for use compounded interest rate unless it explicitly requires using...

###### Question details

For, use compounded interest rate unless it explicitly requires
using simple interest.

1) How long will it take for $15,000 to grow to $25,000 at 6%
annual interest? State your answer in years (rounded to the nearest
tenth of a year, meaning 3.12 years would be entered as 3.1 for
example).