Register

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 unt…

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 unt…
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
← Prev Question Next Question →

Related questions

User Tangie
asked Feb 3, 2024 80.9k views
Debridement of the wound area is included in traumatic wound exploration codes 20100-20103. 1. true 2. false
Tangie asked Feb 3, 2024
by Tangie
8.3k points
1 answer
1 vote
80.9k 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

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
Write words to match the expression. 24- ( 6+3)
Link Copied!