Holly wants to save money for an emergency. holly invests 1,500 in an account that pays an interest rate of 6.75%. how many years will it take for the account to reach 7300? round your answer to the nearest hundredth.

Although the problem didn't mention it, I guess this is a compound interest, if so, then:

A= P(1+i%)ⁿ , where P is the original capital, i% = interest and n= number of years

7300 = 1500(1 + 0.0675)ⁿ

7300/1500 = (1.0675)ⁿ

4.86666 = (1,0675)ⁿ

log(4.86666)= n.log(1.0675)
0.687231 = n(0.028367)

n = 0.687231 / 0.028367

n = 24.23 years