document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=280487>Question 280487</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take $3,300 to double itself if it is invested at 4% simple interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #203867 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=203867\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How long will it take $3,300 to double itself if it is invested at 4% simple interest?<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "6600 = 3300(1+(0.04*t)<BR>\n" );
document.write( "2 = 1+0.04t<BR>\n" );
document.write( "1 = 0.04t<BR>\n" );
document.write( "t = 1/(4/100)<BR>\n" );
document.write( "t = 25 years<BR>\n" );
document.write( "====================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );