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22 March, 10:28

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.

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  1. 22 March, 12:20
    0
    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.
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