Answer:
question: thomas wants to save money for a vacation. thomas invests 1300 in an account that pays an interest rate of 6.25. how many years will it take for the account to reach 19000? Round your answer to the nearest hundredth. use formula A=P(1+r)^t19000=1300(1.0625)^t
Answer: 190/13=1.0625^t
ln(190/13)=tln1.0625
t=ln(190/13)/ln(1.0625)
t=44.24 years
Step-by-step explanation:
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