document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=391699>Question 391699</A>: <I><SPAN STYLE=\"word-break: break-all;\"> what interest rate compounded daily is required for a $22,000 investment to grow to $36,500 in 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #277982 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=277982\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%2Fn%29%5E%28n%2At%29 ALIGN=MIDDLE  ALT=\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the compound interest formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36000=22000%281%2Br%2F365%29%5E%28365%2A5%29 ALIGN=MIDDLE  ALT=\"36000=22000%281%2Br%2F365%29%5E%28365%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=36000 ALIGN=MIDDLE  ALT=\"A=36000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=22000 ALIGN=MIDDLE  ALT=\"P=22000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n=365 ALIGN=MIDDLE  ALT=\"n=365\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=5 ALIGN=MIDDLE  ALT=\"t=5\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36000=22000%281%2Br%2F365%29%5E%281825%29 ALIGN=MIDDLE  ALT=\"36000=22000%281%2Br%2F365%29%5E%281825%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=365 ALIGN=MIDDLE  ALT=\"365\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5 ALIGN=MIDDLE  ALT=\"5\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1825 ALIGN=MIDDLE  ALT=\"1825\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36000%2F22000=%281%2Br%2F365%29%5E%281825%29 ALIGN=MIDDLE  ALT=\"36000%2F22000=%281%2Br%2F365%29%5E%281825%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide both sides by <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=22000 ALIGN=MIDDLE  ALT=\"22000\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.63636363636364=%281%2Br%2F365%29%5E%281825%29 ALIGN=MIDDLE  ALT=\"1.63636363636364=%281%2Br%2F365%29%5E%281825%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36000%2F22000 ALIGN=MIDDLE  ALT=\"36000%2F22000\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.63636363636364 ALIGN=MIDDLE  ALT=\"1.63636363636364\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=root%281825%2C1.63636363636364%29=1%2Br%2F365 ALIGN=MIDDLE  ALT=\"root%281825%2C1.63636363636364%29=1%2Br%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" > Take the 1825th root of both sides.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.00026988654164=1%2Br%2F365 ALIGN=MIDDLE  ALT=\"1.00026988654164=1%2Br%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" > Take the 1825th root of <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.63636363636364 ALIGN=MIDDLE  ALT=\"1.63636363636364\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.00026988654164 ALIGN=MIDDLE  ALT=\"1.00026988654164\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.00026988654164-1=r%2F365 ALIGN=MIDDLE  ALT=\"1.00026988654164-1=r%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" > Subtract 1 from both sides.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.00026988654164195=r%2F365 ALIGN=MIDDLE  ALT=\"0.00026988654164195=r%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" > Combine like terms.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=365%2A0.00026988654164195=r ALIGN=MIDDLE  ALT=\"365%2A0.00026988654164195=r\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply boths sides by <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=365 ALIGN=MIDDLE  ALT=\"365\"   DISABLED_style= \"max-width:90%; height:auto;\" > to isolate \"r\".\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0985085876993119=r ALIGN=MIDDLE  ALT=\"0.0985085876993119=r\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=365 ALIGN=MIDDLE  ALT=\"365\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.00026988654164195 ALIGN=MIDDLE  ALT=\"0.00026988654164195\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0985085876993119 ALIGN=MIDDLE  ALT=\"0.0985085876993119\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.0985085876993119 ALIGN=MIDDLE  ALT=\"r=0.0985085876993119\"   DISABLED_style= \"max-width:90%; height:auto;\" > Rearrange the equation.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.0985 ALIGN=MIDDLE  ALT=\"r=0.0985\"   DISABLED_style= \"max-width:90%; height:auto;\" > Round to the nearest ten-thousandth.\r<BR>\n" );
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document.write( "So the interest rate is 9.85% (multiply by 100 to convert to a percentage)\r<BR>\n" );
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document.write( "If you need more help, email me at <a  rel=nofollow HREF=\"mailto:jim_thompson5910@hotmail.com?Subject=Algebra%20Help\">jim_thompson5910@hotmail.com</a>\r<BR>\n" );
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document.write( "Also, feel free to check out my <a  rel=nofollow HREF=\"http://www.freewebs.com/jimthompson5910/home.html\">tutoring website</a>\r<BR>\n" );
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document.write( "Jim </SPAN>\n" );
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