Someone please help! I’ll give brainliest!!
2 answers:
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Answer:
17
Step-by-step explanation:
We have the following equation for compounding annual interest
AV=PV(1+i)ⁿ
We have
19200=7400(1+.06)ⁿ
Solve for n
divide both sides by 7400
2.594=(1.06)ⁿ
then use the following rule for exponents
which means that
Solve and get
16.362
which rounds to 17
