document.write( "Question 868846: Find out how many years it takes $1800 to double at 3.2% interest compounded weekly.\r
\n" ); document.write( "\n" ); document.write( "Use equation: A=P(1+r/n)^nt\r
\n" ); document.write( "\n" ); document.write( "Show all steps.
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Algebra.Com's Answer #523862 by josgarithmetic(39618)\"\" \"About 
You can put this solution on YOUR website!
You want the formula this way: A=P(1+r/n)^(nt)
\n" ); document.write( "and as rendered, is \"A=P%281%2Br%2Fn%29%5E%28nt%29\".\r
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\n" ); document.write( "\n" ); document.write( "n is the number of compounding for a year.
\n" ); document.write( "t is time in years.
\n" ); document.write( "r is the interest rate as a decimal number.
\n" ); document.write( "P is \"principle\", starting amount.\r
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\n" ); document.write( "\n" ); document.write( "You want to find t for n=52, P=1800, and r=0.032. A=2*P=3600.
\n" ); document.write( "Whether Natural log or Common log is your choice. You SHOULD solve for t symbolically, first; and then substitute the values.\r
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\n" ); document.write( "\n" ); document.write( "My choice is log base 10.
\n" ); document.write( "\"log%28%28A%29%29=log%28%28P%29%29%2Blog%28%28%281%2Br%2Fn%29%5E%28nt%29%29%29\"
\n" ); document.write( "\"log%28%28A%29%29=log%28%28P%29%29%2Bnt%2Alog%28%281%2Br%2Fn%29%29\"
\n" ); document.write( "\"nt%2Alog%28%281%2Br%2Fn%29%29=log%28%28A%29%29-log%28%28P%29%29\"
\n" ); document.write( "\"nt%2Alog%28%281%2Br%2Fn%29%29=log%28%28A%2FP%29%29\", and you know that \"A%2FP\" will be 2, so make that change now.
\n" ); document.write( "\"nt%2Alog%28%281%2Br%2Fn%29%29=log%28%282%29%29\"
\n" ); document.write( "\"t=%281%2Fn%29%281%2Flog%28%281%2Br%2Fn%29%29%29log%28%282%29%29\"
\n" ); document.write( "\"highlight%28t=%281%2Fn%28log%28%281%2Br%2Fn%29%29%29%29log%28%282%29%29%29\"-----these steps and result can look much better on paper or display wall.\r
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\n" ); document.write( "\n" ); document.write( "Now substitute the values.
\n" ); document.write( "\"t=%281%2F52log%28%281%2B0.032%2F52%29%29%29%2Alog%28%282%29%29\"
\n" ); document.write( "should be \"21%262%2F3\" year or 21 years 8 months
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