Arts, 29.11.2021 23:10 pennygillbert

A person invests 9000 dollars in a bank. The bank pays 6.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 31100 dollars? A=P(1+\frac{r}{n})^{nt}
A=P(1+
n
r

)
nt

Answers: 2

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A person invests 9000 dollars in a bank. The bank pays 6.5% interest compounded daily. To the neares...

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A person invests 9000 dollars in a bank. The bank pays 6.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 31100 dollars? A=P(1+\frac{r}{n})^{nt} A=P(1+ n r ) nt

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Another question on Arts

A person invests 9000 dollars in a bank. The bank pays 6.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 31100 dollars? A=P(1+\frac{r}{n})^{nt}
A=P(1+
n
r

)
nt