document.write( "Question 603143: You have money in an account at 7% interest, compounded annually. To the nearest year, how long will it take for your money to double? \n" ); document.write( "
Algebra.Com's Answer #380583 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! 1.07^n = 2 \n" ); document.write( "n*log(1.07) = log(2) \n" ); document.write( "n = log(2)/log(1.07) \n" ); document.write( "n =~ 10.244 years \n" ); document.write( "--> 11 years to be ~2x \n" ); document.write( " |