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/ Try \( t = 12 \):
Try \( t = 12 \):
February 22, 2026
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+ 0.05(10) = 1.5, \quad (1.04)^{10} \approx 1.4802
Try \( t = 11 \):
+ 0.55 = 1.55, \quad (1.04)^{11} \approx 1.5396
+ 0.6 = 1.6, \quad (1.04)^{12} \approx 1.6010
At \( t = 12 \), both values are approximately equal.
Therefore, it takes 12 years.
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