document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=380099>Question 380099</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 10.	You invested your money in a fixed interest junk bond that earns 8.35% per year interest.  How many years with simple interest will it take to double your money? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #269784 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=269784\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest rate = 8.35%<BR>\n" );
document.write( "Let principal be $ 100<BR>\n" );
document.write( "double your money = $200 <BR>\n" );
document.write( "So interest = $200-100=$100<BR>\n" );
document.write( "n = number of years<BR>\n" );
document.write( "...<BR>\n" );
document.write( "I= p*r*n<BR>\n" );
document.write( "100=100*0.0835*n<BR>\n" );
document.write( "n= 100/100 *0.0835<BR>\n" );
document.write( "n=1/0.0835<BR>\n" );
document.write( "n= 11.97 years<BR>\n" );
document.write( "Say 12 years<BR>\n" );
document.write( "...<BR>\n" );
document.write( "m.ananth@hotmail.ca </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );