document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=896549>Question 896549</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take to have an amount of $6,600 on an investment of %5,000 at 8% simple interest? use the formula A=P(1+RT) where A is the amount after T years if an investment of P is made at an annual simple interest rate R. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #543621 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=543621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 6600=5000(1+0.08*t)<BR>\n" );
document.write( "6600/5000=1+0.08t<BR>\n" );
document.write( "1.32=1+0.08t<BR>\n" );
document.write( "1.32-1=0.08t<BR>\n" );
document.write( "0.32/0.08=t<BR>\n" );
document.write( "t=4 yrs </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );