We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
62625=14490*(1.05)^n
(62625/14490)=(1.05)^n
Taking log on both sides;
log (62625/14490)=n*log 1.05
n=log (62625/14490)/log 1.05
=30 years(Approx).
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