Solve.When a principal P earns an annual interest rate r compounded yearly, the amount A after t years is A = P(1 + r)t. How long will it take $1500 to grow to $5000 at  compounded annually? Round to the nearest whole year.

A. t ? 13 years
B. t ? 16 years
C. t ? 18 years
D. t ? 14 years


Answer: B

Mathematics

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