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A person invests 5500 dollars in a bank. The bank pays 5.75% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14700 dollars?
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A person invests 5500 dollars in a bank. The bank pays 5.75% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14700 dollars?

User Przemek Nowak
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1 Answer

7 votes

Answer:

It’s 17.6

Explanation:

User SorcyCat
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