It will take nearly 11 years for the balance to reach $11,000.
What is balance ?
- A state of balance or equilibrium; an even distribution of weight, volume, etc. that is used to establish balance.
- Counter weight. Mental stability or emotional stability; accustomed to calm demeanor, judgment, etc.
- State of physical balance: I lost my balance and fell down the stairs.
- For example, everyday activities such as walking, climbing stairs, and straightening from a seated position all require balance.
- In the business world, the term means the point at which "cost of product" and "expenses" equal the total income of the business.
- That is, the point at which there is no loss and no net profit.
- Account balance is the total amount available in a financial account after all debits and credits have been calculated.
- It can also refer to the total amount paid by a person or organization to a third party Service Providers must pay.
To learn more about balance from the given link :
https://brainly.com/question/28699225
#SPJ4
