A person invests 10000 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the pe

Question

A person invests 10000 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 25200 dollars?

A=P(1+ nr) nt

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Delwyn 5 years 2021-07-31T06:27:06+00:00 2 Answers 36 views 0

Answers ( )

  1. Euphemia
    0
    2021-07-31T06:28:41+00:00
    Reply

    Answer:

    The answer is 16.8

  2. minhkhue
    0
    2021-07-31T06:29:04+00:00
    Reply

    Answer:

    18.4 months

    Step-by-step explanation:

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