document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1032549>Question 1032549</A>: <I><SPAN STYLE=\"word-break: break-all;\">  	Sara wants to buy a house and needs $35,560 for a down payment. She currently has $28,000 in a savings account that earns 9% simple interest. How long must Sara keep the money in the savings account in order to have enough for the down payment on the house? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #647251 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=647251\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po(1+.09)^t<BR>\n" );
document.write( "35,560/28,000=1.09^t=1.27<BR>\n" );
document.write( "ln of both sides<BR>\n" );
document.write( "ln (1.27)=t*ln (1.09)<BR>\n" );
document.write( "t=ln(1.27)/ln(1.09)=2.77 years<BR>\n" );
document.write( " </SPAN>\n" );
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