A person invests 8000 dollars in a bank. The bank pays 6.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 10500 dollars?

the multiples of 15 are 15, 30,45, 60, 75, 90, 105, 120, 135, 150, 165, 180, 195,   210, 225, 240, 255, 270, 285, 300, 315, 330, 345, 360, 375,   390, 405, 420, 435, 450, 465, 480, 495, 510, 525, 540, 555, 570, 585, 600, 615, 630, 645, 660, 675, 690, 705, 720, and 735.

the factors of 15 are 1, 3, 5, and 15.

hope that , fam!

-une, your fren : )

8.75

how-to:

first, we need to find what we have to work with.

since i know that we have 7 (years) and 0.8 (inches), we can use these to solve and find the equation!

secondly, what you want to do, is see that we need to know how much growth out of the 0.8 inches he got in only 1 year, instead of 7 years.

let's try to divide.

7 ÷ 0.8 = 8.75

the five is the numerator