Question

Please please help, question is in the picture

Answer 1

29 years

Explanation:

A = P (1 + r)^t

where A is the final amount,

P is the initial amount,

r is the annual interest rate,

and t is the number of years.

17,000 = 11,000 (1 + 0.015)^t

1.545 = 1.015^t

log 1.545 = t log 1.015

t ≈ 29