Mark M. answered 08/27/19
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
A = p(1 + r)t
750 < 500(1 + 0.03)t
1.5 < 1.03t
1.45631 < t
Ellie H.
asked 08/27/19You have $500 in the bank in an account that earns 3% annual interest. Assuming you will no take any money out of the account , how many years will it take till that account is worth more than $750 ?
Mark M. answered 08/27/19
Mathematics Teacher - NCLB Highly Qualified
A = p(1 + r)t
750 < 500(1 + 0.03)t
1.5 < 1.03t
1.45631 < t
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