AnonymousValor AnonymousValor

27-10-2020
Mathematics

contestada

A person invests 1000 dollars in a bank. The bank pays 6% interest compounded
monthly. To the nearest tenth of a year, how long must the person
leave the money
in the bank until it reaches 3300 dollars?

Respuesta :

alexandriasthompson9 alexandriasthompson9

14-01-2021

Answer:

t=19.94841\approx 19.9 \text{ years}

t=19.94841≈19.9 years

Step-by-step explanation:

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