document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=436823>Question 436823</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long does it take $875 to double if it is invested at 8% compounded monthly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #302176 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=302176\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	875							<BR>\n" );
document.write( "Amount=	1750							<BR>\n" );
document.write( "years=n								<BR>\n" );
document.write( "compounded (t)	12							<BR>\n" );
document.write( "Rate =	8				0.01			<BR>\n" );
document.write( "Amount =P*((1+r/t))^n*t							<BR>\n" );
document.write( "								<BR>\n" );
document.write( "1750	=875*(1+0.01)^	n*t<BR>\n" );
document.write( "2	=	*(	1	+	0.01	)^	n*	12<BR>\n" );
document.write( "ln	2	=	12	n *ln	1.01			<BR>\n" );
document.write( "	0.69	=	12*	0.01	*n			<BR>\n" );
document.write( "	8.69	=	n					<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );