A person invest 1500 dollars in a bank. The bank pays 6.25% interest compounded daily. To the neatest tenth of a year, how long must the person leave the money in the bank until it reaches 4000 dollars?

15.6 years

Step-by-step explanation:

We calculate the effective annual rate for 6.25% compounded daily:

Given the principal amount as $1500 and the future value as $4000, the number years is calculated as:

Hence, the term of the loan is 15.6 years

6mm^3 or .6cm^3

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      /   \

  36     6

  /   \     /

6     6   6

factor trees are nice.

what's the question?

step-by-step explanation:

there is no question.