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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?
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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
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8.5k points

2 Answers

2 votes
The answer is 5 times I think
User Markus Bach
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8.3k points
3 votes

Answer:

12.7

Explanation:

User Greg Andora
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8.0k points
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