document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1110629>Question 1110629</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $2500 is invested at 6% per year compounded annually. How long will it take this investment to grow to $10,000? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #725630 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=725630\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 2500(1+0.06)^t = 10000<BR>\n" );
document.write( "1.06^t = 4<BR>\n" );
document.write( "tlog(1.06) = log(4)<BR>\n" );
document.write( "t = log(4)/log(1.06)<BR>\n" );
document.write( "t = 23.8 years<BR>\n" );
document.write( "------------------------------------<BR>\n" );
document.write( "Check:<BR>\n" );
document.write( "2500(1+.06)^23.8 = 2500(1.06)^23.8 = 2500*4 = 10000 Correct<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );