I need help! Screenshot down below.
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Please SHOW your work

The formula for the question below is A=Pe^rt

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Work Shown:

P = 1000 is the amount deposited

We want this value to double to A = 2000 which is the amount in the account at time t (in years).

r = 0.03 represents the interest rate in decimal form.

The value of t is unknown but we can solve for it like so

It will take about 23 years for the amount to double.

As a check,

which helps show that after roughly 23 years, we'll have about 2000 dollars in the account.

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Side note: Use of the rule of 72 leads to 72/3 = 24. The '3' is from the 3% interest rate. So the rule of 72 says it will take about 24 years for the amount to double. This isn't too far off from the 23 answer we got.

45

step-by-step explanation:

answer: about 22.67

step-by-step explanation: