document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=564033>Question 564033</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If the value of land in an area is increasing 5 percent a year, how long will it take for property values to double? (Round your answer to 1 decimal place.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #365181 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=365181\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the value of land in an area is increasing 5 percent a year, how long will it take for property values to double? <BR>\n" );
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document.write( "Let x be the original property value.<BR>\n" );
document.write( "If it is doubled the value will be 2x:<BR>\n" );
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document.write( "Equation:<BR>\n" );
document.write( "2x = x(1.05)^t<BR>\n" );
document.write( "---<BR>\n" );
document.write( "2 = (1.05)^t<BR>\n" );
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document.write( "t = log(2)/log(1.05)<BR>\n" );
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document.write( "t = 14.2 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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