Seudónimo Seudónimo

01-03-2022
Mathematics

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WILL GIVE BRAINLIEST IF CORRECT!! A person invests 3500 dollars in a bank. The bank pays 6.5% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 5600 dollars?

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Pookylakadada1 Pookylakadada1

01-03-2022

Answer:

I would say 24.6 quarters.

Step-by-step explanation:

If you find the percentage of 6.5% of 3500, you get 227.5, if you divide 5600 by 277.5 you should get 24.6.

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