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

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> 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       Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
V=A(1.05)t
t=V/1.05A ans.