Kathy deposits $500 into an investment account with an annual rate of 1.5%, compounded annually. The amount in her account can be determined by the formula A = P(1 + R)^t, where P is the amount deposited, R is the annual interest rate, and t is the number of years the money is invested. If she makes no other deposits or withdrawals, how many years, to the nearest tenth, will it take for her money to double in value?

i can answer this question sweetie!

step-by-step explanation:

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.