document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=972345>Question 972345</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Investing. Do Xuan Nam is going to invest $1000 at a simple interest rate of 4%. How long will it take for the investment to be worth %1040? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #594690 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=594690\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Investing. Do Xuan Nam is going to invest $1000 at a simple interest rate of 4%. How long will it take for the investment to be worth %1040?<BR>\n" );
document.write( "---------<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "1040 = 1000(1+0.04t)<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "1.04 = 1+0.04t<BR>\n" );
document.write( "0.04 = 0.04t<BR>\n" );
document.write( "time = 1 year<BR>\n" );
document.write( "=================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "-------------- </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );