Val Hooper deposited $11,600 in the bank on January 1 a few years ago. The bank pays an
Interest rate of 10% compounded annually, and the deposit is now worth $30,052. For how
Many years has the deposit been invested?

The veryy basic rule of annual compounding:

F = P (1 + r )^n

P: original amount invested = $11,600,
r: interest rate = 10%,
F: Future value of P = $30,052 (don't get misled with terms, timeline is relative to date of original investment)


n is the only unknown, simplify and solve for n!!