Question

in what time 1400 amount to 4576 at 4% per annum compounded annually​

Answer 1

use the formula:

p(1+r/100)n-1

Answer 2

Answer:

p(1+r/100)n-1 = f

1400(5/100)n-1 =4576

n-1=4576/70

n=66.3

that is 66 years and 4 months app