Question

HELP ME WITH THIS WITH FULL SOLUTION IT'S A 30 POINTS QUESTION

Answer 1

$CI\ = P(1+ \frac{R}{100})^{T} \\ \\   CI = 3246.40; P = 12500; R = 8. \\ \\  CI = P(1+ \frac{R}{100})^T \\ \\  3246.40 = 12500[(1+8/100)^T ] \\ \\   \frac{3246.40}{12500} = (1+0.08)^T \\ \\  1.259712 = (1.08)^T \\ \\  (1.08)^3 = (1.08)^T \\ \\  \therefore T = 3 . it\ attains\ in\ 3\ years$

Answer 2

Step-by-step explanation:

i think 29 will be the answer