We need to solve the equation
[tex]400(1.065)t=850[/tex]In order to do so, we can first divide both sides of the equation by 400:
[tex]\begin{gathered} \frac{400}{400}(1.065)t=\frac{850}{400} \\ \\ (1.065)t=2.125 \end{gathered}[/tex]Now, to isolate the variable t on the left side and find its value, we can divide both sides by 1.065:
[tex]\begin{gathered} \frac{\mleft(1.065\mright)}{1.065}t=\frac{2.125}{1.065} \\ \\ t=1.9953\ldots \\ \\ t\cong2.00 \end{gathered}[/tex]Therefore, rounding to two decimal places, the answer is 2.00.
