Question 1168205
Rule of 70: 70/35 = 2%


a. (500)(1.02)^x for x years


b. (500)(1.02)^(-10) = 410 (rounded to the nearest integer)


c. (500)(1.02)^x = 1500
1.02^x = 3


x = log_(1.02)(3) = 55.47 years