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Damagingawsomeness2
07.12.2021 •
Mathematics
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Ответ:
Option C - 14 years
Step-by-step explanation:
Given : Amount invested = $12,500 , growth rate = 5.25% , Amount fund = $25,000
Using formula :![A=P(1+r)^t](/tpl/images/0267/5156/3275d.png)
Where,
P = principal amount = 12,500
r = annual rate of interest = 5.25%= 5.25/100=0.0525
t = number of years the amount is deposited or borrowed for, in this case we don't know it
A = amount of money accumulated = $25,000
Putting values in the formula we get,
Taking log both side,
By property of logarithm![logx^a=alogx](/tpl/images/0267/5156/b1e55.png)
Approx t=14 years
Therefore, Option C is correct.