Question:

If P dollars is invested in an account that earns interest

Last updated: 7/19/2022

If P dollars is invested in an account that earns interest

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.)