Register
A person invests 7000 dollars in a bank. The bank pays 6.5% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 15900 dollars?
9.6k views
10 votes
A person invests 7000 dollars in a bank. The bank pays 6.5% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 15900 dollars?

User Masum Ahmed Sarkar
by
8.3k points

2 Answers

2 votes
The answer is 5 times I think
User Markus Bach
by
8.1k points
3 votes

Answer:

12.7

Explanation:

User Greg Andora
by
7.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!