A person invests 5000 dollars in a bank. The bank pays 4.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 10200 dollars?

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05-02-2021
Mathematics

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A person invests 5000 dollars in a bank. The bank pays 4.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 10200 dollars?

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