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# Kristen invests $5,745 in a bank. The bank pays 6.5% interest compounded monthly. How long must she leave the money in the bank for it to double?

Kristen invests $5,745 in a bank. The bank pays 6.5% interest compounded monthly. How long must she leave the money in the bank for it to double? Round to the nearest tenth of a year. How long will it take to triple? Round to the nearest tenth of a year. Kristen has a choice to invest her money at 6.5% interest compounded monthly for 5 years or invest money compounded quarterly at a rate of 6.75% for 5 years. What option would the best for Kristen? Explain and present your work.