Answer:
2 years
Step-by-step explanation:
First make an equation to solve the problem. $12,500 is her starting balance, she needs $14,000. She has a interest rate of 6% which means her balance will increase.
If the time is in years add 1 to 0.06 because 1 represents the $12,500.
Equation: 12,500 x 1.06^x x = # of years
You can use guess an check which I used. plug in numbers for x such as 1,2,3
and see which one is closest to $14,000.
