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A person invests 7000 dollars in a bank. The bank pays 6.5% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank unt…

A person invests 7000 dollars in a bank. The bank pays 6.5% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank unt…
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A person invests 7000 dollars in a bank. The bank pays 6.5% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 15900 dollars?

asked
User Masum Ahmed Sarkar
by
8.3k points

2 Answers

2 votes
The answer is 5 times I think
answered
User Markus Bach
by
8.1k points
3 votes

Answer:

12.7

Explanation:

answered
User Greg Andora
by
7.8k points
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