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A person invests 3000 dollars in a bank. The bank pays 5% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 5200 dollars?
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A person invests 3000 dollars in a bank. The bank pays 5% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 5200 dollars?

User LucasP
by
8.4k points

2 Answers

5 votes

Answer:

11.1

Explanation:

it’s right

User Ryszard Szopa
by
8.1k points
4 votes

Answer:150

Explanation:

User PrashanD
by
8.3k points
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