document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=524707>Question 524707</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Shannon deposited $12000 at 6% compounded annually l. How long will it take Shannon to double her money? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #347870 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16949)</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=347870\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	12000							<BR>\n" );
document.write( "Amount=	24000							<BR>\n" );
document.write( "years=n								<BR>\n" );
document.write( "compounded (t)	1							<BR>\n" );
document.write( "Rate =	6				0.06			<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n							<BR>\n" );
document.write( "								<BR>\n" );
document.write( "24000	=	12000	*(	1	+	0.06	)^	n*t<BR>\n" );
document.write( "2	=	*(	1	+	0.06	)^	n*	1<BR>\n" );
document.write( "ln	2	=	1	n *ln	1.06			<BR>\n" );
document.write( "	0.69	=	1	0.06	*n			<BR>\n" );
document.write( "	11.9	=	n					<BR>\n" );
document.write( "11.9 years\r<BR>\n" );
document.write( "\n" );
document.write( "m.ananth@hotmail.ca </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );