Answer:
About 16 years
Step-by-step explanation:
First we need to figure out 5.25% of 12000
5.25 x 0.12000 = 0.63
Then we move the decimal
630
Then we need to figure out how many years it will take to reach $22000
Since we already owe $12000, we can just divide using $10000 because 10000 + 12000 = 22000
10000/630 = 15.87
Which is about 16 years
