tarabanks tarabanks

09-03-2017
Mathematics

contestada

Tina wants to save money for school. Tina invests $400 in an account that pays an interest rate of 7.5%.

How many years will it take for the account to reach $8,500?

Round your answer to the nearest hundredth.

Respuesta :

Aliwohaish12 Aliwohaish12

09-03-2017

t=log(8,500÷400)÷log(1.075)
T=42.3 years

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