Answer the question by writing and solving an exponential equation. Show algebraic work.How long must $4400 be in a bank at 8% compounded annually to become $8144.09? (Use the function P(t) = Pâ‚€e^kt, where Po is the amount initially placed in savings, t is the time in years, and P(t) is the balance after time t. Round to the nearest year.)
