document.write( "Question 815497: If the inflation rate were 4%, use the formula for continuous compounding to find the number of years, to the nearest tenth, for a $1 item to cost $2. \n" ); document.write( "
Algebra.Com's Answer #491011 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
\n" );
document.write( "Hi,
\n" );
document.write( "Re reply:   2 = e^.04t  ,   ln2 / .04 = t,  t = 17.3 years 
\n" );
document.write( "If the inflation rate were 4%, How long before $1 becomes $2
\n" );
document.write( "\"Q%28t%29+=Q%280%29e%5E%28kt%29\"
\n" );
document.write( "\"Q%28t%29%2F%28Q0%29+=+2+\" 
\n" );
document.write( "  2 = e^.04t  ,   ln2 / .04 = t,  t = 17.3 years  \n" );
document.write( "
\n" );