*Will give brainliest. $1,500 is invested into an account with an interest rate of 6.75%. How many years will it take for the account to reach $7,300? Round to the nearest hundredth
The formula of a continuous compound interest is A=p e^rt A future value 7300 P present value 1500 E constant R interest rate 0.0675 T time? Solve the formula for t T=[log (A/p)÷log (e)]÷r T=(log(7,300÷1,500)÷log(e))÷0.0675 T=23 years
