document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1095252>Question 1095252</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take for $4,500 to grow to $10,000 if it is invested in an account paying 3.25% per year compounded annually? Explain your work and write your answer in years rounded to one decimal place. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #711732 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=711732\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 10000/4500=2.2222222<BR>\n" );
document.write( "2.2222=(1+0.0325)^n where n is the number of years for the money to grow<BR>\n" );
document.write( "ln 2.22222=ln (1+0.0325)^n=n ln 1.0325<BR>\n" );
document.write( "n=24.97 years<BR>\n" );
document.write( "&#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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