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Asked Dec 8, 2019
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$200 will grow to $254 at an interest rate of 13 percent in ? years.

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Step 1

Computation of number of years:

The number of years is ...

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S200(1+0.13)" = $254 (1.13) = S1.27 log (1.27) log (1.13) 0.1038 0.0531 n =1.95

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