Question: Thinking [14 Marks] 1. How long will it take for $2500 to accumulate to $4000 if it is invested at an interest rate of 6.5%/a

Thinking [14 Marks] 1. How long will it take for $2500

Thinking [14 Marks] 1. How long will it take for $2500 to accumulate to $4000 if it is invested at an interest rate of 6.5%/a compounded annually? (hint! A = P(1 + i)' ). [4 Marks] 2. Solve the following logarithmic equation for x, rounded to two decimal places. [4 Marks] logs (x -1) + logs(x-2) -logs(x + 6) = 0

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