document.write( "Question 627830: A principal of $3500 is invested at 6.5% interest, compounded annually. How many years will it take to accumulate $6000 or more in the account? \n" ); document.write( "

Algebra.Com's Answer #395161 by reviewermath(1029) $\"\"$ $\"About$

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$\"3500%281.065%29%5Et+=+6000\"$
\n" ); document.write( " $\"1.065%5Et+=+6000%2F3500\"$
\n" ); document.write( " $\"1.065%5Et+=+12%2F7\"$
\n" ); document.write( " $\"tln%281.065%29+=+ln%2812%2F7%29\"$
\n" ); document.write( " $\"t+=+%28ln%2812%2F7%29%29%2Fln%281.065%29+\"$
\n" ); document.write( "= 8.5589 years or more \n" ); document.write( "

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