Answer:t = 14.27 years
Step-by-step explanation:
Using FV = PV × (1 + r)t
where
FV=future value
PV=present value
r=rate of interest
t=time period.
$750 = $250 × 1.08t
1.08t = 750/250
1.08t=3
t × ln1.08 = ln3
t = ln3 / ln1.08
t=1.09861229/0.0769610411
t = 14.27 years