A loan of $25,475 is taken out at 4.6% interest, compounded annually. If no payments are made, after about how many years will the amount due reach $37,500? Round to the
nearest year.
Please hel

It will take 9 years

Step-by-step explanation:

use formula A=P(1+ r/n)^nt

37,500= 25,475(1+.046/1)^1*x

37,500/25,475=1.046^x

1.47203= 1.046^x

try out different numbers for x and use whole number since it asks for the nearest year

1.046^8 = 1.43302 and 1.046^9 = 1.4989

so we know its inbetween

8 and 9 to figure out one is the closest whole number try raising it to the power of 8.5 and if it passes 1.47203 then its 9, if it doesnt then its 8

1.046^8.5 = 1.46561

1.46561< 1.47203

since 1.046561 is lower than 1.47203 its safe to assume that the year is between 8.5-8.99 thus we can round up to 9

add all the numbers and check the ones place.

the answer is 486. as the ones place is more than 4, the estimation will be the next 10 ie, 490

answer: there are 453.592 grams in a pound.