05-07-2017
Mathematics

contestada

Tina wants to save money for school. Tina invests $1000 in an account that pays an interest rate of 8%. How many years will it take for the account to reach $1,300 answer to the nearest hundredth

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riley1012 riley1012

05-07-2017

1300 = 1000 (1.08)^t
1.3 = (1.08)^t
log base 1.08 (1.3) = t
3.41 = t

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