question archive Nico just deposited $12,330 into an account that pays interest of 11

Nico just deposited $12,330 into an account that pays interest of 11

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Nico just deposited $12,330 into an account that pays interest of 11.2% p.a. How many years will it take the amount of money in Nico's account to triple (i.e., grow to 3 times the amount deposited)? Enter your answer as an integer rounded to 2 decimal places. For example, enter 114.34956 years as 114.35.

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