A person invests 9000 dollars in a bank. The bank pays 4.25% interest compounded daily. To the nearest tenth of a year, how long must the pe

Question

A person invests 9000 dollars in a bank. The bank pays 4.25% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 19600?

in progress 0
Ella 2 weeks 2021-11-13T21:26:12+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-11-13T21:27:52+00:00

    Answer:

    The person must invest the money in the bank for 18 years to reach $19600, if a person invests 9000 dollars in a bank and the bank pays 4.25% interest compounded daily.

    Step-by-step explanation:

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )