Find accurate and reliable answers to your questions on IDNLearn.com. Ask your questions and receive comprehensive and trustworthy answers from our experienced community of professionals.

A person invests 1000 dollars in a bank. The bank pays 5.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2900 dollars?

Sagot :

Answer:

1.53 year's = 18.4 months

Answer:

1.53 years = 18.4 months