document.write( "Question 294066: How long will it take for an investment of $2000 to double to $4000 at an interest rate of 15.5% compounded annually?\r
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Algebra.Com's Answer #212204 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! 4000 = 2000 (1.155)^t\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2 = (1.155)^t\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "log(2) = t [log(1.155)]\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "[log(2)] / [log(1.155)] = t \n" ); document.write( " |