Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

4 The rate of compound interest is 7.5%. How long will it take for an investment of $4500 to
be worth more than $7000?

Please use the compound interest formula for IGCSE:
[tex]p(1 + \frac{r}{100} ) {}^{t} [/tex]