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Tina wants to save money for school. Tina invests $400 in an account that pays an interest rate of 7.5%.

How many years will it take for the account to reach $8,500?

Round your answer to the nearest hundredth.

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  1. 2 June, 16:19
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    T=log (8,500:400) : log (1.075)

    T=42.3 years
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