document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=935065>Question 935065</A>: <I><SPAN STYLE=\"word-break: break-all;\">  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<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #568181 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=568181\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Use the formula A = P*(1+r*t) where in this case \r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "A = 10,000<BR>\n" );
document.write( "P = 8,000<BR>\n" );
document.write( "r = 0.0625\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "and solve for t\r<BR>\n" );
document.write( "\n" );
document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">\r\n" );
document.write( "	A = P*(1+r*t)\r\n" );
document.write( "	10000 = 8000*(1+0.0625*t)\r\n" );
document.write( "	10000/8000 = 1+0.0625*t\r\n" );
document.write( "	1.25 = 1+0.0625*t\r\n" );
document.write( "	1.25 - 1 = 0.0625*t\r\n" );
document.write( "	0.25 = 0.0625*t\r\n" );
document.write( "	0.0625*t = 0.25\r\n" );
document.write( "	t = 0.25/0.0625\r\n" );
document.write( "	t = 4\r\n" );
document.write( "</PRE>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "It will take <font color=\"red\">4 years</font>\r<BR>\n" );
document.write( "\n" );
document.write( "------------------------------------------------------------------------------------------------------------------------\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "If you need more one-on-one help, email me at <a  rel=nofollow HREF=\"mailto:jim_thompson5910@hotmail.com?Subject=I%20Need%20Algebra%20Help\">jim_thompson5910@hotmail.com</a>. You can ask me a few more questions for free, but afterwards, I would charge you ($2 a problem to have steps shown or $1 a problem for answer only).\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Alternatively, please consider visiting my website: <a  rel=nofollow HREF=\"http://www.freewebs.com/jimthompson5910/home.html\">http://www.freewebs.com/jimthompson5910/home.html</a> and making a donation. Any amount is greatly appreciated as it helps me a lot. This donation is to support free tutoring. Thank you.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Jim\r<BR>\n" );
document.write( "\n" );
document.write( "------------------------------------------------------------------------------------------------------------------------ </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );