SOLUTION: The value, V, of a bank account in which A dollars are invested at 5% interest, compounded annually, is given by the equation V= =A(1.05)t, where t is the time in years. Solve for

SOLUTION: The value, V, of a bank account in which A dollars are invested at 5% interest, compounded annually, is given by the equation V= =A(1.05)t, where t is the time in years. Solve for

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Question 673864: The value, V, of a bank account in which A dollars are invested at 5% interest, compounded annually, is given by the equation V= =A(1.05)t, where t is the time in years. Solve for t.
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
V=A(1.05)t
t=V/1.05A ans.
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