document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1031097>Question 1031097</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $3250 is invested at 5.5% compounded continuously. How long will it take for the balance to reach $6500? Please round your answer to two decimal places, if necessary. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #645810 by </B><A HREF=/tutors/aboutme.mpl?userid=Cromlix><B>Cromlix(4381)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Cromlix><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/cgi-bin/show-face.mpl?user=Cromlix><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=645810\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi there,<BR>\n" );
document.write( "I assume the sum is annually<BR>\n" );
document.write( "compounded.<BR>\n" );
document.write( "100% + 5.5% = 105.5%<BR>\n" );
document.write( "105.5% = 105.5/100 = 1.055 (factor)<BR>\n" );
document.write( "3250 x 1.055^x = 6500<BR>\n" );
document.write( "1.055^x = 6500/3250<BR>\n" );
document.write( "1.055^x = 2<BR>\n" );
document.write( "x log(1.055) = log(3250)<BR>\n" );
document.write( "x = log(3250)/log(1.055)<BR>\n" );
document.write( "x = 46.56 years<BR>\n" );
document.write( "Hope this helps :-) </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );