Mathematics, 30.10.2020 08:00 therronvictorjr

A person invests 1000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the
person leave the money in the bank until it reaches 1600 dollars?

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A person invests 1000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nea...

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More questions: Mathematics Another questions

A person invests 1000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 1600 dollars?

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Another question on Mathematics

A person invests 1000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the
person leave the money in the bank until it reaches 1600 dollars?