Thus,
650 = (7000 * 0.025 * (1+0.025)^n) / ((1+0.025)^n - 1)
Thus,
650 ((1+0.025)^n - 1) = (7000 * 0.025 * (1+0.025)^n)
650(1.025)^n - 650 = 175*(1.025)^n
Thus, 465(1.025)^n = 650
Thus,(1.025)^n = 650/465
solving we get,
n = 12.70
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