Help a bab out with something, please?
2 answers:
You might be interested in
Total = Principal × ( 1 + Rate ) ^ years
(Solved by taking logarithms)
Years = log (total / principal) / (log (1 + rate))
Years = log (684 / 600) / (log 1.07)
Years = log (1.14) / (log (1.07)
Years = 0.0569048513364726 / 0.0293837776852097
Years = 1.9366077414
