A person invests 3000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 6500 dollars?

A person invests 3000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 6500 dollars? A=P(1+\frac{r}{n})^{nt} A=P(1+ n r ) nt

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A person invests 3000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank unt…

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