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A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 9300 dollars?
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A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 9300 dollars?

User Pedro Rodrigues
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1 Answer

4 votes

Answer:

6.5 years

Explanation:

User Wanderingme
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