document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=350176>Question 350176</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Us e the compound interest formula A=P(1+r)t and the given information to solve for. A=$9,000,000 P=$20,000 t=40\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #250370 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=250370\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Us e the compound interest formula A=P(1+r)t and the given information to solve for. A=$9,000,000 P=$20,000 t=40<BR>\n" );
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document.write( "9000000 = 20,000(1+r)^t<BR>\n" );
document.write( "450 = (1+r)^40<BR>\n" );
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document.write( "1+r = 1.1650<BR>\n" );
document.write( "r = 0.1650<BR>\n" );
document.write( "r = 16.5%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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