document.write( "Question 935065: Michelle Payne deposited $8,000 in a savings account paying 6.25% simple interest. How long will it take for her investment to amount to $10,000?\r
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Algebra.Com's Answer #568180 by josmiceli(19441) $\"\"$ $\"About$

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$\"+8000%2A%28+1+%2B+.0625t+%29+=+10000+\"$
\n" ); document.write( "where $\"+t+\"$ is the time in years
\n" ); document.write( " $\"+10%2F8+=+1+%2B+.0625t+\"$
\n" ); document.write( " $\"+.0625t+=+2%2F8+\"$
\n" ); document.write( " $\"+%28+1%2F16+%29%2At+=+4%2F16+\"$
\n" ); document.write( " $\"+t+=+4+\"$
\n" ); document.write( "It will take 4 years
\n" ); document.write( "------------------
\n" ); document.write( "check:
\n" ); document.write( " $\"+8000%2A%28+1+%2B+.0625%2A4+%29+=+10000+\"$
\n" ); document.write( " $\"+8000%2A%28+1+%2B+%281%2F16%29%2A4+%29+=+10000+\"$
\n" ); document.write( " $\"+10%2F8+=+1+%2B+1%2F4+\"$
\n" ); document.write( " $\"+5%2F4+=+5%2F4+\"$
\n" ); document.write( "OK\r
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