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

Question

Allisa [31]

3 years ago

9

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?

Mathematics

1 answer:

mezya [45] · Answer 1 · 2022-05-03T08:50:20+03:00

mezya [45]3 years ago

4 0

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: