A person invests 3500 dollars in a bank. The bank pays 6.75%

Last updated: 7/30/2022

A person invests 3500 dollars in a bank. The bank pays 6.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 8500 dollars? A = P(1 + r/n)ⁿᵗ