Answer:
n= 5.57 years
Step-by-step explanation:
Giving the following information:
your final balance on an investment of 270$ invested at 10% was $459.00
To calculate the time passed between values, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
FV= 459
PV= 270
i= 0.1
n= ln(459/270) / ln (1.1)
n= 5.57 years
