Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Ask your questions and receive precise answers from experienced professionals across different disciplines. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

A person invests 1000 dollars in a bank. The bank pays 5.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2900 dollars?

Sagot :

SilentBoy201074

Answer:

1.53 year's = 18.4 months

sughrakareem5

Answer:

1.53 years = 18.4 months

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.