document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=756091>Question 756091</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the amount of time it would take for a 7000 dollar investment to reach 1400 dollars at a simple interest rate of 4% per annum </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #460010 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=460010\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Calculate the amount of time it would take for a 7000 dollar investment to reach 1400 dollars at a simple interest rate of 4% per annum<BR>\n" );
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document.write( "1400 = 7000(1+0.04t)<BR>\n" );
document.write( "1 + 0.04t = 2<BR>\n" );
document.write( "0.04t = 1<BR>\n" );
document.write( "t = 1/0.04<BR>\n" );
document.write( "t = 25 years<BR>\n" );
document.write( "===================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );