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If P dollars is invested in an account that earns interest at 7% compounded annually, the amount available after t years is A =
If P dollars is invested in an account that earns interest at 7% compounded annually, the amount available after t years is A = P(1+0.07). How many years will it take for $1500 in this account to grow to $3000? It will take approximately years for $1500 in this account to grow to $3000. (Round to the nearest whole year.)
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
