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?

Question

03-01-2022
Mathematics

Answered

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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 bank until it reaches 13300 dollars?

Sagot :

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