document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=534914>Question 534914</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long does it take an $1100 investment to earn $200 interest if it is invested at 7% interest compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #351707 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=351707\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	1100<BR>\n" );
document.write( "Interest = 200							<BR>\n" );
document.write( "Amount=	1300							<BR>\n" );
document.write( "years=n								<BR>\n" );
document.write( "compounded (t)	4	times a year						<BR>\n" );
document.write( "Rate =	7				0.02			<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n							<BR>\n" );
document.write( "								<BR>\n" );
document.write( "1300	=	1100	*(	1	+	0.02	)^	n*t<BR>\n" );
document.write( "1.18	=	*(	1	+	0.02	)^	n*	4<BR>\n" );
document.write( "ln	1.18	=	4	n *ln	1.02			<BR>\n" );
document.write( "	0.17	=	4	0.02	*n			<BR>\n" );
document.write( "	2.41	=	n					<BR>\n" );
document.write( "2.41 years\r<BR>\n" );
document.write( "\n" );
document.write( "m.ananth@hotmail.ca </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );