document.write( "Question 451659: How many years does it take for $500 to grow to $1000 in an account paying 12.6% compounded yearly? (Please round your answer to the nearest year.) \n" ); document.write( "

Algebra.Com's Answer #310561 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi
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document.write( "A= p(1+r/n) ^nt   n = 1 when compounded yearly, t the number of years
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document.write( " 1000 = 500(1.126)^t
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document.write( "   2 = 1.126^t
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document.write( "log2 = t*log1.126
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document.write( "log2/log1.126 = t
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document.write( "     5.84yr = t \n" );
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