77.7k views
0 votes
A person invests 6500 dollars in a bank. The bank pays 7% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 20100 dollars?

User Prodaea
by
8.4k points

1 Answer

2 votes

Answer:

16.2 years

Explanation:

User Gary Mendonca
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories