Hello everyone! I was just wondering if someone could explain these questions to me (and how to solve them). I seem to be having a memory block. Thanks in advance.
1. Claudia, to save for her trip to the Gold Coast, puts her tax return cheque of $890 into an account paying 8% p.a. How long (in years, correct to 1 decimal place) will her money take to accumulate to $1300?
2. After investing $6000 into a savings account paying 7% interest p.a., Ian received $6238. For how many days (correct to the nearest day) was the money invested?