Thomas want to save money for a vacation. thomas invest 1,200 in account that pays an interest rate of 4% how many years will it take for the account to reach 14,400

63.5 years take for the account to reach $ 14,400.

Step-by-step explanation:

Given: Principal amount, P he invested in in account = $ 1200

           Rate if interest , R = 4%

          Amount, A = $ 14400

We need to find time in which principal amount reached to Amount.

We know that in banking sector Interest is compounded yearly.

So, We use compound interest formula and take n ( number of time interest applied ) = T ( time )

Taking log on both side,

T = 63.5 years

Therefore, 63.5 years take for the account to reach $ 14,400.

42

step-by-step explanation:

256/6=42

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