Open Question
To solve each problem, refer to the formulas for compound interest. A = P (1 + r/n)^(tn)and A = Pe^(rt)Find t, to the nearest hundredth of a year, if \$1786 becomes \$2063 at 2.6%, with interest compounded monthly.
Verified video answer for a similar problem:Master Solving Exponential Equations Using Like Bases with a bite sized video explanation from Patrick
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