document.write( "Question 841087: If you save $500 in an account that pays 3% annual interest, how many years will it take for your savings to double in value? \n" ); document.write( "

Algebra.Com's Answer #506612 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "how many years will it take for your savings to double in value?
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document.write( "   Annual Interest  n = 1
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document.write( "   2 = (1.03)^t
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document.write( " log(2) = tlog(1.03)
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document.write( "log(2)/log(1.03) = t = 23.45 years\r
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