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16-01-2021
Mathematics

contestada

A person invests 10000 dollars in a bank. The bank pays 7%
compounded annually. To the nearest tenth of a year, how long must
the person leave the money in the bank until it reaches 18900 dollars?

Respuesta :

Aidan090903 Aidan090903

17-01-2021

Answer:

t=9.40865\approx 9.4 \text{ years}

t=9.40865≈9.4 years

Step-by-step explanation:

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