Rates Help?

1. Sep 9, 2008

hostergaard

a sum of $5 000 is invested at a compound interest rate of 6,3% per annum. the value of the investmen vill exceed$ 10 000 after n full years.
(a) write an inewuality to represent this information.
(b) calculate the minimum value of n.

$$A = P(1+\frac{R}{100})^n$$