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A person invests 10000 dollars in a bank. The bank pays 6.5% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 29500 dollars?

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解答

Apersoninvests10000dollarsinabank.Thebankpays6.5%interestcompoundedannually.Tothenearesttenthofayear,howlongmustthepersonleavethemoneyinthebankuntilitreaches29500dollars?

解答

Time:17.18
求解步骤
Translate the problem into an equation:29500=10000(1+10.065​)1⋅t
求解 t,29500=10000(1+10.065​)1⋅t:t=17.18
Time:17.18

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