Answer:
7
Explanation:
there is on online calculator that solves equations and shows the steps.
Not sure what to say but Taxation is theft
To complete all of my classes this year and graduate. I plan to work hard in school as well as doing extra credit assignments
Hi there
The formula is
A=p (1+rt)
We need to solve for t
T=[(A/p)-1]÷r
Where
A future value 2200
P present value 1000
R interest rate 0.08
T time?
So
T=((2,200÷1,000)−1)÷0.08
T=15 years
Another time like this question you should post in at mathematics subject
Hope it helps