Question 1177818

{{{A = P(1 + rt)}}}

{{{t = (1/r)(A/P - 1)}}}

We have {{{P = 1000}}}, 
{{{A= 1200}}}
{{{P=1000}}}
 {{{r = 0.055 }}}

{{{t = (1/0.055)(1200/1000 - 1)}}}

{{{t = (1/0.055)(6/5 - 1)}}}

{{{t = (1/0.055)((6 - 5)/5)}}}

{{{t = (1/0.055)(1/5)}}}

{{{t = 1/(5*0.055)}}}

{{{t = 1/0.275 }}}

{{{t = 3.64 }}}years (about {{{3}}} years {{{8}}} months)

{{{t = 3.64*365}}} days

{{{t = 1328.6}}} days