Register

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 u…

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 u…
105k views
19 votes
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
by
8.4k points

2 Answers

5 votes

Answer:

Explanation:

User Blankart
by
7.6k points
12 votes

Answer:16.9

Explanation:

User Kayteen
by
7.2k points
← Prev Question Next Question →

Related questions

User Pradeep S
asked Mar 2, 2024 137k views
How many positive divisors does 10200 have?
Pradeep S asked Mar 2, 2024
by Pradeep S
7.6k points
1 answer
0 votes
137k views
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

What is .725 as a fraction
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?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
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!