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A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until…

A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until…
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A person invests 6500 dollars in a bank. The bank pays 5.5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 9300 dollars?

asked
User Pedro Rodrigues
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7.9k points

1 Answer

4 votes

Answer:

6.5 years

Explanation:

answered
User Wanderingme
by
8.0k points
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