document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=765582>Question 765582</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if you put $2000 into an interest bearing account, where interest is compounded quarterly (4 times a year) at 6%, how long will it take for your money to triple?<BR>\n" );
document.write( "use A=P(1+r/n)^nt<BR>\n" );
document.write( "solve for t \r<BR>\n" );
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document.write( "help please!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #466264 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=466264\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "A=P(1+r/n)^(nt)\r<BR>\n" );
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document.write( "6000=2000(1+0.06/4)^(4*t)\r<BR>\n" );
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document.write( "6000/2000 = (1+0.06/4)^(4*t)\r<BR>\n" );
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document.write( "3 = (1+0.06/4)^(4*t)\r<BR>\n" );
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document.write( "3 = (1.015)^(4*t)\r<BR>\n" );
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document.write( "log(3) = log((1.015)^(4*t))\r<BR>\n" );
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document.write( "log(3) = 4*t*log(1.015)\r<BR>\n" );
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document.write( "log(3)/(4*log(1.015)) = t\r<BR>\n" );
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document.write( "t = log(3)/(4*log(1.015))\r<BR>\n" );
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document.write( "t = 18.4471905815477\r<BR>\n" );
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document.write( "So it will take roughly 18.4471905815477 years.\r<BR>\n" );
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document.write( "Note: round appropriately if needed\r<BR>\n" );
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document.write( " </SPAN>\n" );
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