Question 935065
Use the formula A = P*(1+r*t) where in this case 


A = 10,000
P = 8,000
r = 0.0625


and solve for t

<pre>
	A = P*(1+r*t)
	10000 = 8000*(1+0.0625*t)
	10000/8000 = 1+0.0625*t
	1.25 = 1+0.0625*t
	1.25 - 1 = 0.0625*t
	0.25 = 0.0625*t
	0.0625*t = 0.25
	t = 0.25/0.0625
	t = 4
</pre>


It will take <font color="red">4 years</font>

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