8000647 dollars
Step-by-step explanation:
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Here's the given:
P=$400
i=7.5%
A=$8500
The formula used for this problem is:
A = P(1+i)^t
Manipulating the equation to arrive at t, we have:
t = ln(A/P) / ln(1+i)
Plugging in values:
t = ln($8500/$400) / ln(1+0.075)
t = 42.26 years
No they arent proportional
240 & .001 i think that this is the answer