document.write( "Question 945779: How long does it take a $1000 investment to earn $100 interest if it is invested at 4% interest compounded quarterly? \r
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document.write( "Use the formula : A = P(1+r/n)^(n)(t) \n" );
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Algebra.Com's Answer #576935 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "after time \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "quarterly \n" ); document.write( " \n" ); document.write( "---------------------------------- \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Divide both sides by \n" ); document.write( " \n" ); document.write( "Take the log base \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "2.394666 years \n" ); document.write( "------------- \n" ); document.write( "check: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "close enough\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |