Answer:
3 years
Step-by-step explanation:
A = P(1 + r)^t
A = I + P
A = 14,000 + 4,634 = 18,634
18,634 = 14,000(1 + 0.1)^t
18,634/14,000 = 1.1^t
log (18,634/14,000) = log 1.1^t
log (18,634/14,000) = t * log 1.1
t = [log (18,634/14000)]/(log 1.1)
t = 3
