document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=862745>Question 862745</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long does it take for your investment to double in value if it is invested at 4% interest compounded monthly? Compounded continuously? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #519925 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39617)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><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=519925\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the investment quantity begins with I, then these happen:\r<BR>\n" );
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document.write( "Compounding monthly, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=I%281%2B0.04%2F12%29%5E%2812%2Ay%29 ALIGN=MIDDLE  ALT=\"A=I%281%2B0.04%2F12%29%5E%2812%2Ay%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, using y as the number of years.  The value 0.04/12 is the decimalized MONTHLY interest rate.  A is the amount of money in the account at time y.\r<BR>\n" );
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document.write( "Compounding continuously, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=Ie%5E%280.04y%29 ALIGN=MIDDLE  ALT=\"A=Ie%5E%280.04y%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "Both kinds of compounding about doubling of I will use I=1 and A=1/2, and you would solve for y for both kinds of compoundings. </SPAN>\n" );
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