Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. a person invests 1000 dollars in a bank the bank p

A person invests 1000 dollars in a bank The bank pays 6 75 interest compounded...

80.2K

Verified Solution

Question

Algebra

image

A person invests 1000 dollars in a bank The bank pays 6 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 2500 dollars

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

1 point A grocery store chain has been tracking data on the number of shoppers...

Basic Math
1.2K views

Calculate an approximate value of the area of the place inside the curve. (So if you...

Statistics
1.2K views

A population of values has a normal distribution with μ=37.7μ=37.7 and σ=86.3σ=86.3. A random sample of...

Medical Sciences
1.2K views

Describe and/or diagram the mechanism that regulates intracellular Ca+2 during excitation-contraction coupling in cardiomyocytes.

Biology
1.2K views

4a) In watermelon, fruit shape may be short or long, color may be striped or...

Basic Math
1.2K views

thadone is a synthetic drug whose effect on the body is similar to that of...

Statistics
1.2K views

cher studying public opinion of proposed Social Security changes obtains a si ample of 50...

Accounting
1.2K views

Dundas Company's inventory records for its retail division...

Accounting
1.2K views

Case Development began operations in December 2021. When property is sold on an installment basis,...

Accounting
1.2K views

Jill Bishop makes homemade soap. She sells it for $100 a case. Her variable costs...

Accounting
1.2K views

The records of Norton, Inc. show the following for July. ...

Accounting
1.2K views

4. Moving to the next question prevents changes to this answer. Question 20 of 50...