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A person invests 5000 dollars in a bank. The bank pays 4.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 10200 dollars?
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A person invests 5000 dollars in a bank. The bank pays 4.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 10200 dollars?

User RuBiCK
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2 Answers

5 votes

Answer:

Explanation:

User Blankart
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6.8k points
12 votes

Answer:16.9

Explanation:

User Kayteen
by
6.4k points
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