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August 23, 2014

August 23, 2014

Posted by **kate** on Saturday, October 15, 2011 at 10:10pm.

- college algebra -
**Reiny**, Saturday, October 15, 2011 at 10:36pmassuming 52 weeks per year

i = .078/52 = .0015

5000(1.0015)^n= 8000

1.0015^n = 1.6

log (1.0015^n) = log 1.6

nlog1.0015 = log 1.6

n = log1.6/log1.0015 = 316.57 monts

= 6.03 years

it would take 6 years

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