Mathematics, 07.09.2021 19:50 ineedhelp2285

The amount of money A in a savings account depends on the principal P, the interest rater, and the time in years t that the money is invested. The equation A=P+Prt shows the relationship among the variables for an account earning simple interest. If
1
an investor deposits $1,000 at 6% simple interest, the account will grow according to the formula A=1,000 + 1,000 (0.065)t.
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(a) How many years will it take for the investment to exceed $2,000? (Round to the nearest tenth of a year.)
(b) How many years will it take for the investment to exceed $3,000? (Round to the nearest tenth of a year.)
Part 1 of 2
It will take at least
years for the investment to exceed $2,000.
Part 2 of 2
It will take at least
years for the investment to exceed $3,000.

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The amount of money A in a savings account depends on the principal P, the interest rater, and the t...

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