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A person invests 9000 dollars in a bank. The bank pays 6.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 13600 dollars?
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A person invests 9000 dollars in a bank. The bank pays 6.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 13600 dollars?

User Kiwifrog
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1 Answer

6 votes

Answer: 6.7 yearsn

Explanation:

User GeorgeVremescu
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