document.write( "Question 221383: How long will it take P dollars to quadruple itself at 14% simple interest? \n" ); document.write( "
Algebra.Com's Answer #166057 by jim_thompson5910(35256)\"\" \"About 
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\"A=P%2BPrt\" Start with the simple interest formula.\r
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\n" ); document.write( "\n" ); document.write( "\"4P=P%2BP%2A0.14%2At\" Plug in \"A=4P\" (since we want the investment of P to quadruple) and \"r=0.14\" (the decimal equivalent of 14%).\r
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\n" ); document.write( "\n" ); document.write( "\"4P=P%281%2B0.14%2At%29\" Factor out the GCF 'P'\r
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\n" ); document.write( "\n" ); document.write( "\"4=1%2B0.14%2At\" Divide both sides by P.\r
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\n" ); document.write( "\n" ); document.write( "\"4-1=0.14%2At\" Subtract \"1\" from both sides.\r
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\n" ); document.write( "\n" ); document.write( "\"3=0.14%2At\" Combine like terms.\r
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\n" ); document.write( "\n" ); document.write( "\"3%2F0.14=t\" Divide both sides by \"0.14\" to isolate 't'.\r
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\n" ); document.write( "\n" ); document.write( "\"21.4285714285714=t\" Divide.\r
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\n" ); document.write( "\n" ); document.write( "\"t=21.4285714285714\" Rearrange the equation.\r
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\n" ); document.write( "\n" ); document.write( "\"t=21.43\" Round to the nearest hundredth.\r
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\n" ); document.write( "\n" ); document.write( "So it will take about 21.43 years for an investment to quadruple with an interest rate of 14% (using simple interest).
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