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. \n" );
document.write( "
Algebra.Com's Answer #523862 by josgarithmetic(39618)![]() ![]() ![]() 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 \n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "My choice is log base 10. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now substitute the values. \n" ); document.write( " \n" ); document.write( "should be |