document.write( "Question 945255: Randy has invested $2400 in a savings account which pays annual interest at 4.03% compounded quarterly. How long will it take for the account to double in value? \n" ); document.write( "

Algebra.Com's Answer #576575 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"4800=2400%281%2B4.03%2F%284%2A100%29%29%5En\"$
\n" ); document.write( " $\"2=%281.010075%29%5En\"$
\n" ); document.write( " $\"n=log%28%282%29%29%2Flog%28%281.010075%29%29\"$
\n" ); document.write( " $\"n=69.14\"$ $\"quarters\"$
\n" ); document.write( "Let's round up to
\n" ); document.write( " $\"n=70\"$ \n" ); document.write( "

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