Question 1173829
<br>
Good luck if you really mean 0.062% as an annual rate....<br>
0.062% as a decimal is 0.00062, so the yearly growth factor is 1.00062.  The equation to be solved to find the answer to the problem is<br>
{{{1500(1.00062)^x = 1904.5}}}<br>
Use a calculator to find the answer is about 385 years....<br>
Of course the answer is quite different if you really mean 6.2%, which is 0.062 as a decimal.<br>