document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=350131>Question 350131</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take P dollars to triple itself at 14% 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 #250253 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><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/cgi-bin/show-face.mpl?user=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=250253\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi,<BR>\n" );
document.write( "Note: The formula for finding simple interest is: Interest = Principal * Rate * Time. <BR>\n" );
document.write( "Let t represent the time it would take to triple the Principal P<BR>\n" );
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document.write( "I = P*r*t<BR>\n" );
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document.write( "In this case, we want the interest acculmulated to be 2P so as to triple the investment.<BR>\n" );
document.write( "(2*P}= P*.14*t<BR>\n" );
document.write( "2P = P*.14*t<BR>\n" );
document.write( "t = (2P/( P*.14)<BR>\n" );
document.write( "t = (2 /.14)<BR>\n" );
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document.write( "t = 14.285<BR>\n" );
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document.write( "check your answer<BR>\n" );
document.write( "2P = P*(.14)*(14.285)<BR>\n" );
document.write( "2 =(.14)*(14.285) </SPAN>\n" );
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