Question

.
A person invests 10000 dollars in a bank. The bank pays 5.5% interest compounded
monthly. To the nearest tenth of a year, how long must the
person leave the
in the bank until it reaches 27400 dollars?
leave the money
r
A = P(1 + -)nt
n​

Answer 1

Answer:

The answer is 18.4 months.