Suppose you deposit
200.00 into a bank with
5
%
5% interest compounded annually. The amount in the account after
t
t years is given by
A
(
t
)
=
200
(
1.05
)
t
A(t)=200(1.05)
t
(in dollars).How long does it take for the account to reach
1,500.00? Round to
2
2 decimals.
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