akeeliahgrey2004 akeeliahgrey2004

30-05-2020
Mathematics

contestada

.
A person invests 10000 dollars in a bank. The bank pays 5.5% interest compounded
monthly. To the nearest tenth of a year, how long must the
person leave the
in the bank until it reaches 27400 dollars?
leave the money
r
A = P(1 + -)nt
n

Respuesta :

queend0814 queend0814

03-06-2020

Answer:

The answer is 18.4 months.

Answer Link

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