document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=923482>Question 923482</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can you help me with this question please?\r<BR>\n" );
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document.write( "How many years will it take $5000 to grow to $8000 if the investment is at 6.5% and is compounded quarterly? \r<BR>\n" );
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document.write( "I used the compound interest formula\r<BR>\n" );
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document.write( "A=P(1+(r/n))^(nt)\r<BR>\n" );
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document.write( "and got the formula:\r<BR>\n" );
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document.write( "8000=5000(1+(.065/3))^3t  \r<BR>\n" );
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document.write( "but I am not sure how to get the t alone...\r<BR>\n" );
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document.write( "could you divide both sides by 5000?\r<BR>\n" );
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document.write( "then it would be 8000/5000= (1+(.065/3))^3t \r<BR>\n" );
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document.write( "I am not sure... </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #560057 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=560057\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How many years will it take $5000 to grow to $8000 if the investment is at 6.5% and is compounded quarterly? \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A=P%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8000=5000%281%2B0.065%2F4%29%5E%284%2At%29 ALIGN=MIDDLE  ALT=\"8000=5000%281%2B0.065%2F4%29%5E%284%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8000=5000%281%2B0.01625%29%5E%284%2At%29 ALIGN=MIDDLE  ALT=\"8000=5000%281%2B0.01625%29%5E%284%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8000=5000%281.01625%29%5E%284%2At%29 ALIGN=MIDDLE  ALT=\"8000=5000%281.01625%29%5E%284%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8000%2F5000=%281.01625%29%5E%284%2At%29 ALIGN=MIDDLE  ALT=\"8000%2F5000=%281.01625%29%5E%284%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.6=%281.01625%29%5E%284%2At%29 ALIGN=MIDDLE  ALT=\"1.6=%281.01625%29%5E%284%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28%281.6%29%29=log%28%28%281.01625%29%5E%284%2At%29%29%29 ALIGN=MIDDLE  ALT=\"log%28%281.6%29%29=log%28%28%281.01625%29%5E%284%2At%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Apply logs to both sides\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28%281.6%29%29=%284%2At%29%2Alog%28%281.01625%29%29 ALIGN=MIDDLE  ALT=\"log%28%281.6%29%29=%284%2At%29%2Alog%28%281.01625%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28%281.6%29%29=t%2A4%2Alog%28%281.01625%29%29 ALIGN=MIDDLE  ALT=\"log%28%281.6%29%29=t%2A4%2Alog%28%281.01625%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28%281.6%29%29%2F%284%2Alog%28%281.01625%29%29%29=t ALIGN=MIDDLE  ALT=\"log%28%281.6%29%29%2F%284%2Alog%28%281.01625%29%29%29=t\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t+=+log%28%281.6%29%29%2F%284%2Alog%28%281.01625%29%29%29 ALIGN=MIDDLE  ALT=\"t+=+log%28%281.6%29%29%2F%284%2Alog%28%281.01625%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t+=+7.28941768282519 ALIGN=MIDDLE  ALT=\"t+=+7.28941768282519\"   DISABLED_style= \"max-width:90%; height:auto;\" > Use a calculator. Type in \"<font color=\"blue\">log(1.6)/(4*log(1.01625))</font>\" without quotes\r<BR>\n" );
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document.write( "It will take approximately 7.28941768282519 years\r<BR>\n" );
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document.write( "Round this up to the nearest whole year to get 8 years.\r<BR>\n" );
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document.write( "Let me know if that helps or not. Thanks.\r<BR>\n" );
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document.write( "If you need more help, feel free to email me at <a  rel=nofollow HREF=\"mailto:jim_thompson5910@hotmail.com?Subject=I%20Need%20Algebra%20Help\">jim_thompson5910@hotmail.com</a>\r<BR>\n" );
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document.write( " </SPAN>\n" );
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