Question 734406
Use A= P(1+rt) to find t, when
A=$966
P=$840
r= 5%=5/100=.05
A= P(1+rt)
or 1+rt=A/P
or rt=A/P-1=966/840-1=23/20-1=3/20
or t=3/r*20=3/0.05*20=3/1.00=3 years