document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=789467>Question 789467</A>: <I><SPAN STYLE=\"word-break: break-all;\"> at what rate of interest per annum the amount Rs 10,000/- will be doubled in 5 years, interest being compounded quartely? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #478861 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=478861\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  at what rate of interest per annum the amount Rs 10,000/- will be doubled in 5 years, interest being compounded quartely?<BR>\n" );
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document.write( "A(5) = 10,000(1+(r/4))^(4*5)<BR>\n" );
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document.write( "Solve: (1+(r/4))^20 = 2<BR>\n" );
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document.write( "1 + (r/4) = 2^(1/20)<BR>\n" );
document.write( "1+ (r/4) = 1.0353<BR>\n" );
document.write( "r/4 = 0.0353<BR>\n" );
document.write( "r = 0.1411 = 14.11%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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