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A person invests 4500 dollars in a bank. The bank pays 6.25% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the b…

A person invests 4500 dollars in a bank. The bank pays 6.25% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the b…
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5 votes
A person invests 4500 dollars in a bank. The bank pays 6.25% 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 13300 dollars?

User Manette
by
9.3k points

1 Answer

8 votes

Answer:17.6 years

Explanation:

i did it

User Ori Price
by
7.3k points
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