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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
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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.

User Azethoth
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7.3k points

1 Answer

7 votes
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.
User Eugene Nezhuta
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8.6k points
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