Question:

A person invests 5500 dollars in a bank. The bank pays 5.75%

Last updated: 7/15/2022

A person invests 5500 dollars in a bank. The bank pays 5.75%

A person invests 5500 dollars in a bank. The bank pays 5.75% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14700 dollars?