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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 Conmulligan
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8.1k points

2 Answers

7 votes
7.4 is the anwser to your problem I think

User Jabba
by
8.0k points
5 votes
7.4 is the correct answer, just apply the formula next time
User Praveen Kishor
by
8.3k points
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