Function because nothing repeats in the domain
Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years
Hope it helps
It completely depends on the situation.
From everything we're given in the question, we
don't know anything about the situation yet.
Wheres the picture? It’s not showing up.
