Robert invested $250 in an account paying an interest rate of 4.3% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $550?
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Home » Mathematics » Robert invested $250 in an account paying an interest rate of 4.3% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $550?