Byron deposits 13,500 in an account that earns 2.6% interest compounded monthly. How many years will it take for Byron's money to double if he does not deposit or withdraw any funds during that time?

About 27 years.

Step-by-step explanation:

Byron deposits $13,500 in an account that earns 2.6% interest compounded monthly, and we want to determine how many years it will take for Byron's money to double.

Recall that compound interest is given by the formula:

Since our initial deposit is $13,500 at a rate of 2.6% compounded monthly, P = 13500, r = 0.026, and n = 12:

For his deposit to double, A must equal $27,000. Hence:

Solve for t:

In conclusion, it will take Byron about 27 years for his deposit to double.

the answer is b. 60. each interior angle in 120, so the exterior angle must be 60 in order to add up to 180

step-by-step explanation: