Solve the problem.
-How long must $\$ 4700$ be in a bank at $6 \%$ compounded annually to become $\$ 7067.06$ ? (Use the function $\mathrm{P}(\mathrm{t})=\mathrm{P}_{0} \mathrm{e}^{\mathrm{kt}}$, where $\mathrm{P}_{0}$ is the amount initially placed in savings, $\mathrm{t}$ is the time in years, and $\mathrm{P}(\mathrm{t})$ is the balance after time $\mathrm{t}$. Round to the nearest year.)
A) 8 yr
B) $9 \mathrm{yr}$
C) $6 \mathrm{yr}$
D) $7 \mathrm{yr}$

Question

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The Answer of Solve the problem.
-How long must $\$ 4700$ be in a bank at $6 \%$ compounded annually to become $\$ 7067.06$ ? (Use the function $\mathrm{P}(\mathrm{t})=\mathrm{P}_{0} \mathrm{e}^{\mathrm{kt}}$, where $\mathrm{P}_{0}$ is the amount initially placed in savings, $\mathrm{t}$ is the time in years, and $\mathrm{P}(\mathrm{t})$ is the balance after time $\mathrm{t}$. Round to the nearest year.)
A) 8 yr
B) $9 \mathrm{yr}$
C) $6 \mathrm{yr}$
D) $7 \mathrm{yr}$

Solve the Problem $4700\$ 4700$4700 Be in a Bank At 6%6 \%6%

Solve the Problem $\$ 4700$ Be in a Bank At $6 \%$