document.write( "Question 1146618: principal of $3500\r
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document.write( " is invested at 5.75%\r
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document.write( " interest, compounded annually. How many years will it take to accumulate $5000\r
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document.write( " or more in the account? \n" );
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Algebra.Com's Answer #767902 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "The principal gets multiplied by 1 plus the interest rate each year. You need to determine the number of years it will take $3500 to grow to $5000: \n" ); document.write( " \n" ); document.write( "The variable is in an exponent, so solve using logarithms. \n" ); document.write( "Or on a graphing calculator graph |