<PRE><B>Question 743001</B>
 If I invested $2000.00 at the interest rate of 15%, compounded daily, for 52 weeks. How long would it take to reach $8000.00?

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A(t) = P(1+(r/n))^(nt)
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8000 = 2000(1+0.15/365)^(365t)
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4 = (1.0004110)^(365t)
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(365t) = log(4)/log(1.0004110)
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t = 9.24 years
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Cheers,
Stan H.
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