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April 23, 2014

April 23, 2014

Posted by **Matt** on Sunday, February 17, 2013 at 4:24pm.

- Finite Math -
**Reiny**, Sunday, February 17, 2013 at 5:43pmlet the time be n years, assuming that compound interest is used.

800(1.06)^n = 944

1.06^n = 1.18

take log of both sides, and use log rules

n log 1.06 = log 1.18

n = log1.18/log1.06 = appr 2.84 years

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