document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=462224>Question 462224</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how long it will take to double my money if i put  it in a bank  giving interest rate 7% per annum compounding monthly ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #316911 by </B><A HREF=/tutors/aboutme.mpl?userid=JimboP1977><B>JimboP1977(311)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=JimboP1977><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=JimboP1977><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=316911\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x = sum of money\r<BR>\n" );
document.write( "\n" );
document.write( "t = number of months\r<BR>\n" );
document.write( "\n" );
document.write( "interest rate = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.07%2F12 ALIGN=MIDDLE  ALT=\"0.07%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2x+=+x%2A%281%2B%280.07%2F12%29%29%5Et ALIGN=MIDDLE  ALT=\"2x+=+x%2A%281%2B%280.07%2F12%29%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide both sides by x to give\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2+=+%281%2B%280.07%2F12%29%29%5Et ALIGN=MIDDLE  ALT=\"2+=+%281%2B%280.07%2F12%29%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" > take logs of both sides\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log+2+=+t%2Alog+%281%2B%280.07%2F12%29%29 ALIGN=MIDDLE  ALT=\"log+2+=+t%2Alog+%281%2B%280.07%2F12%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log+2%2F%28log%281%2B%280.07%2F12%29%29%29+=+t ALIGN=MIDDLE  ALT=\"log+2%2F%28log%281%2B%280.07%2F12%29%29%29+=+t\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=119.17 ALIGN=MIDDLE  ALT=\"t=119.17\"   DISABLED_style= \"max-width:90%; height:auto;\" > so about 119 months which is nearly 10 years.\r<BR>\n" );
document.write( "\n" );
document.write( "      </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );