Mathematics, 03.11.2020 03:40 alanizyc

A person invests 2000 dollars in a bank. The bank pays 4.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money
in the bank until it reaches 3500 dollars?
A= P(1 + -)nt
n

Answers: 2

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A person invests 2000 dollars in a bank. The bank pays 4.75% interest compounded quarterly. To the...

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A person invests 2000 dollars in a bank. The bank pays 4.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 3500 dollars? A= P(1 + -)nt n

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Another question on Mathematics

A person invests 2000 dollars in a bank. The bank pays 4.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money
in the bank until it reaches 3500 dollars?
A= P(1 + -)nt
n