Question:

A person invests 9000 dollars in a bank. The bank pays 6.25%

Last updated: 7/15/2022

A person invests 9000 dollars in a bank. The bank pays 6.25%

A person invests 9000 dollars in a bank. The bank pays 6.25% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 13600 dollars? A = P(1 + 7) n² nt