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Xelga [282]
2 years ago
13

your final balance on an investment of 270$ invested at 10% was $459.00, For what period of time did you invest?

Mathematics
1 answer:
harkovskaia [24]2 years ago
4 0

Answer:

n= 5.57 years

Step-by-step explanation:

Giving the following information:

your final balance on an investment of 270$ invested at 10% was $459.00

<u>To calculate the time passed between values, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)

FV= 459

PV= 270

i= 0.1

n= ln(459/270) / ln (1.1)

n= 5.57 years

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