document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=868538>Question 868538</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The wheel is divided in to 10 segments. Out of 10 segments, one segment awards additional 5 spins. If a player plays the wheel 5 times, how many times will the player spin the wheel on average (including extra spins) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #523621 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=523621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">     sam opened a savings account with $2,400. The account earns 3% interest rate, compunded bi-monthly(every two months). \r<BR>\n" );
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document.write( "Write an equation to represent B, the balance in the account after t years. ------<BR>\n" );
document.write( "A(t) = 2400(1+(0.03/6))^(6t)<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "How long will it take for the balance in the account to double.<BR>\n" );
document.write( "Solve:: (1+(0.03/6))^(6t) = 2<BR>\n" );
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document.write( "(1.005)^(6t) = 2<BR>\n" );
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document.write( "6t = ln(2)/ln(1.005)<BR>\n" );
document.write( "6t = 138.98<BR>\n" );
document.write( "t = 23 years when rounded down<BR>\n" );
document.write( "==================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( " </SPAN>\n" );
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