Answer:
2.4536 years
Step-by-step explanation:
compound formula:
A=P*(1+r/n)^nt
A = 6000
P = 5000
r = rate
n = 4 times per year compounded
t = time in years
6000 = 5000(1 + .075/4)^4t
divide both sides by 5000
1.2 = (1.01875)^4t
log both sides
log(1.2) = 4t * log(1.01875)
solve for t
t = 2.4537 years
