Answer
$t=8.5$ years
Work Step by Step
$P=17425, r=4.25\%=0.0425, A=25000$
$A=Pe^{rt}$
$25000=17425e^{0.0425t}$
$1.435=e^{0.0425t}$
$\ln 1.435=0.0425t$
$t=8.5$
Intermediate Algebra for College Students (7th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0-13417-894-7
ISBN 13:
978-0-13417-894-3
Chapter 9 - Section 9.5 - Exponential and Logarithmic Equations - Exercise Set - Page 728: 110
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