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An account earned interest of 5% per year. the beginning balance was $250. the equation t=log1.05e250 represents the situation, where t is the time in years and e is the ending balance. if the ending balance
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An account earned interest of 5% per year. the beginning balance was $250. the equation t=log1.05e250 represents the situation, where t is the time in years and e is the ending balance. if the ending balance was $289.41, how many years was the account open? round your answer to the nearest year.

User Mussa
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3 votes

Answer:

3 years

Step-by-step explanation:

t=log1.05 289.41/250=3

User Sisco
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