SOLUTION: how do I find if I deposit $1500 in a savings account that pays 6 percent annual interest how many years will it take to be $2500? I have 2500 = 1500(1+ .06)^t how do I find t

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: how do I find if I deposit $1500 in a savings account that pays 6 percent annual interest how many years will it take to be $2500? I have 2500 = 1500(1+ .06)^t how do I find t       Log On


   



Question 835800: how do I find if I deposit $1500 in a savings account that pays 6 percent annual interest how many years will it take to be $2500? I have 2500 = 1500(1+ .06)^t how do I find t
Answer by josgarithmetic(39620) About Me  (Show Source):
You can put this solution on YOUR website!
Look at this other one, since it is the same idea, just a different example of the same idea:

http://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.835785.html