Answer:
B
Step-by-step explanation:
Answer:
Given that,
A wealthy businessman invests $10,000.
It expects a 6.75% rate of return annually.
To find: the number of years it take the investment to reach at least $15,000 in value.
Explanation:
we know that,
Amount invested at r% rate of interest after t years is,

where P is the initial investment.
Substitute the values we get,

we get,


we get,

Calculating this we get,

Round to the nearest number of years.
we get,

6 years will it take the investment to reach at least $15,000 in value.
Answer is: 6 years will it take the investment to reach at least $15,000 in value
It would be y^8 you add if its the same variable in front basically