smurfs223 smurfs223

17-12-2016
Mathematics

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George wants to save money for a car. George invests $1,300 in an account that pays an interest rate of 7.5%.
How many years will it take for the account to reach $7.100? Round you answer to the nearest one hundredth
A=p(1+r)^t.

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ursulapateugh ursulapateugh

17-12-2016

I just plugged in the problem to the equation Pert and it gave me the answer of 23.48.

The answer would be 23.48 years..... long time.

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