document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1198521>Question 1198521</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take for $600 to grow to $26,600 at an interest rate of 6.2% if the interest is<BR>\n" );
document.write( "compounded continuously? Round the number of years to the nearest hundredth. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #832308 by </B><A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><B>math_tutor2020(3817)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=832308\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font color=black size=3><BR>\n" );
document.write( "The tutor @Theo has made a typo.\r<BR>\n" );
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document.write( "He wrote<BR>\n" );
document.write( "t = ln(26000/600) / .062 = 60.78906713\r<BR>\n" );
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document.write( "when it should be<BR>\n" );
document.write( "t = ln(26600/600) / .062 = 61.1570458\r<BR>\n" );
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document.write( "The 26000 should be 26600\r<BR>\n" );
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document.write( "That then rounds to 61.16 to be the final answer.<BR>\n" );
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