Product is multiplying. when you multiply a letter with a number you don't put any symbols so it would be 8c
9514 1404 393
Answer:
4.8 years
Step-by-step explanation:
Solving the compound interest formula for the number of years gives ...
t = log(A/P)/(n·log(1 +r/n))
where principal P invested at rate r compounded n times per year produces value A after t years.
t = log(24805/22000)/(365·log(1 +0.025/365)) ≈ 4.800
The loan was for 4.8 years.
