document.write( "Question 867604: I need some help for a question I've recived and I'm not sure of how to answer it.
\n" ); document.write( "How long would it take to double $1500 at 5.5% p.a. with monthly rests? I aso need the availble working out for this and if possible a double check with a TVM by graphics calculator. Ive tried this several times and I always get different answers. I need help. Thank you. \n" ); document.write( "
Algebra.Com's Answer #523116 by mananth(16946)\"\" \"About 
You can put this solution on YOUR website!
Principal P = 1500
\n" ); document.write( "Amount= 3000
\n" ); document.write( "years=n
\n" ); document.write( "compounded 12
\n" ); document.write( "Rate= 5.5=0.055 .(0.055/12)= 0.005
\n" ); document.write( "Amount = P*((n+r)/n)^n
\n" ); document.write( "
\n" ); document.write( "\"3000%09=%091500%09%2A%28%091%09%2B%090.005%09%29%5E%0912%09n\"
\n" ); document.write( "\"2%09=%09%28%091%09%2B%090%09%29%5E%09n\"
\n" ); document.write( "log 2 = 12 n log 1.00458
\n" ); document.write( " 0.3 = n 0.024
\n" ); document.write( " 12.63 = n
\n" ); document.write( " \n" ); document.write( "
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