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Julia Roberts deposits 3400 dollars in an account paying an effective rate of interest of 5 percent. Three years later, she withdraws 1000 dollars. If
Julia Roberts deposits 3400 dollars in an account paying an effective rate of interest of 5 percent. Three years later, she withdraws 1000 dollars. If there are no other transactions, how long will it take (from the time of the first deposit) for her account balance to reach 9000 dollars? (Assume simple interest between compoundings.) Answer = years ? and ? days. (Note: your answer for the number of years should be a whole number, while your answer for the number of days should be given to at least 3 decimal places.)
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