document.write( "Question 457955: Urgent help please! How long will it take $900 to double itself if it is invested at 10% interest compounded semiannually? (Express the answer to the nearest tenth.)
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Algebra.Com's Answer #314120 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
Note: 900 doubles to 1800\r
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\n" ); document.write( "\n" ); document.write( "\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\" Start with the compound interest formula\r
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\n" ); document.write( "\n" ); document.write( "\"1800=900%281%2B0.10%2F2%29%5E%282%2At%29\" Plug in \"A=1800\", \"P=900\", \"r=0.10\" (the decimal equivalent of 10%), and \"n=2\".\r
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\n" ); document.write( "\n" ); document.write( "\"1800=900%281%2B0.05%29%5E%282%2At%29\" Evaluate \"0.10%2F2\" to get \"0.05\"\r
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\n" ); document.write( "\n" ); document.write( "\"1800=900%281.05%29%5E%282%2At%29\" Add \"1\" to \"0.05\" to get \"1.05\"\r
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\n" ); document.write( "\n" ); document.write( "\"1800%2F900=%281.05%29%5E%282%2At%29\" Divide both sides by \"900\".\r
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\n" ); document.write( "\n" ); document.write( "\"2=%281.05%29%5E%282%2At%29\" Evaluate \"1800%2F900\" to get \"2\".\r
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\n" ); document.write( "\n" ); document.write( "\"ln%282%29=ln%28%281.05%29%5E%282%2At%29%29\" Take the natural log of both sides.\r
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\n" ); document.write( "\n" ); document.write( "\"ln%282%29=2%2At%2Aln%281.05%29\" Pull down the exponent using the identity \"log%28b%2C%28x%5Ey%29%29=y%2Alog%28b%2C%28x%29%29\".\r
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\n" ); document.write( "\n" ); document.write( "\"ln%282%29%2Fln%281.05%29=2%2At\" Divide both sides by \"ln%281.05%29\".\r
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\n" ); document.write( "\n" ); document.write( "\"0.693147180559945%2Fln%281.05%29=2%2At\" Evaluate the natural log of \"2\" to get \"0.693147180559945\".\r
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\n" ); document.write( "\n" ); document.write( "\"0.693147180559945%2F0.048790164169432=2%2At\" Evaluate the natural log of \"1.05\" to get \"0.048790164169432\".\r
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\n" ); document.write( "\n" ); document.write( "\"14.2066990828905=2%2At\" Divide.\r
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\n" ); document.write( "\n" ); document.write( "\"14.2066990828905%2F2=t\" Divide both sides by 2 to isolate \"t\".\r
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\n" ); document.write( "\n" ); document.write( "\"7.10334954144523=t\" Divide.\r
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\n" ); document.write( "\n" ); document.write( "\"t=7.10334954144523\" Rearrange the equation.\r
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\n" ); document.write( "\n" ); document.write( "\"t=7.1\" Round to the nearest tenth (ie to the nearest tenth of a year).\r
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\n" ); document.write( "\n" ); document.write( "Answer: 7.1 years.
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