Aperson invests 9000 dollars in a bank. the bank pays 6% interest compounded monthly. to the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 14000 dollars?

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above  

Apply log both sides

x equals 1

step-by-step explanation:

f(4)=f(×)

x=1

150.6

all i did was i multiplied 5.02 by 30