If you invest $7,890 at a 5.65% simple annual interest rate, approximately how long will it take for you to have a total of $15,000? Show work

It will take 16 years to have a total of $15,000.

Step-by-step explanation:

Given : Principal value = $ 7,890

Rate of interest = 5.65 % = 0.0565

Amount = $ 15000

Interest = Principal x Rate x time

Amount = Principal + Interest

Amount = Principal + Principal x Rate x time

Amount = Principal ( 1 +  Rate x time )

Substitute values, we get

  [ t = time ]

Hence, it will take 16 years to have a total of $15,000.

1/5^2 = 7.56/45

3, 12, 48, 384, 1536, 6144, 24576, 98304

step-by-step explanation:

just keep timing it by 4.