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A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly....

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Algebra

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A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2500 dollars? A = P{1 + (r)^n t }

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A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2500 dollars? A = P{1 + (r)^n t }

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