document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1159780>Question 1159780</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A firm decided to increase its output from its current level of 60,000 to 70,000. Assume that the<BR>\n" );
document.write( "compounded interest required to achieve this growth is 10%. Find the number of years needed to<BR>\n" );
document.write( "reach the required output. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #782966 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(53751)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=782966\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "The correct answer is\r<BR>\n" );
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document.write( "    Under given conditions, the number of years needed to reach the required output is 2 years.\r\n" );
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document.write( "    Since compounding is made at the end of an year, ONLY.\r\n" );
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document.write( "By the way, the condition says NOTHING about the compounding time period, so \r<BR>\n" );
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document.write( "    (a)  it is the problem's FAULT,    and\r\n" );
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document.write( "    (b)  BY DEFAULT, the compounding period is 1 year.\r\n" );
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document.write( "As the problem is worded, it is BAD STYLE writing Math problem;\r<BR>\n" );
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document.write( "besides of it, there are deficiencies in its formulation, from the common sense of view.\r<BR>\n" );
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document.write( "(It is my personal opinion).\r<BR>\n" );
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document.write( "It is better do not go to the public with problems, formulated in this way.\r<BR>\n" );
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