Monday

October 20, 2014

October 20, 2014

Posted by **Joy** on Monday, November 21, 2011 at 1:31pm.

- Algebra II -
**Reiny**, Monday, November 21, 2011 at 2:49pmI am going to ignore your formula, since the variables are not defined, instead your problem becomes

50000(1.15)^t = 70000

1.15^t = 1.4

log (1.15^t) = log 1.4

t log 1.15 = log 1.4

t = log 1.4/log 1.15 = 2.4 = 2 years and about 5 months

**Answer this Question**

**Related Questions**

Calculus - Compound Interest - Recently, a certain bank offered a 10-year CD ...

math - The Derr-McGee Manufacturing Company plans to build a new $50,000 ...

Finance - Accounting - Can somebody people check this out and let me know if I ...

Math - A lottery prize worth $1,000,000 is awarded in payments of $10,000 five ...

Math - Please help check my answers to make sure they are correct. I used the "...

MATH - Please help check my answers to make sure they are correct. I used the "...

math compound interest - I can figure all of the other compound interest ...

accounting - 1,150,000 in cash. How long would it take them to accumulate $2,000...

Accounting - MHS currently has $1,150,000 in cash. How long would it take them ...

finance - Metropolis currently has $1,150,000 in cash. How long would it take ...