How many years will it take for the account to reach 5,500$? Round anwser to nearest hundredth.

Holly wants to save monty for an emergency. Holly invests 1,000$ in an account that pays an interest rate of 6.25%.

A=P(1+r)^t

Question

How many years will it take for the account to reach 5,500$? Round anwser to nearest hundredth.

Holly wants to save monty for an emergency. Holly invests 1,000$ in an account that pays an interest rate of 6.25%.

A=P(1+r)^t

anonymous · Answer

Plug in the information into the function, then solve for t

anonymous · Answer

Thats my problem I dont know how

anonymous · Answer

@pooja195

amistre64 · Answer

logs help to isolate exponents