document.write( "Question 960770: suppose i put Ł6,000 into a bank account that pays interest at a rate of 8% per year, compounded weekly. How many years will it take for me to double my money? \n" ); document.write( "

Algebra.Com's Answer #587150 by josmiceli(19441) $\"\"$ $\"About$

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$\"+2%2A6000+=+12000+\"$
\n" ); document.write( " $\"+12000+=+6000%2A%28+1+%2B+.08%2F52+%29%5E%2852t%29+\"$
\n" ); document.write( " $\"+2+=+1.001538%5E%2852t%29+\"$
\n" ); document.write( "Take the log of both sides
\n" ); document.write( " $\"+log%28+2+%29+=+52t%2Alog%28+1.001538+%29+\"$
\n" ); document.write( " $\"+.30103+=+52t%2A.0006674+\"$
\n" ); document.write( " $\"+.30103+=+.034706t+\"$
\n" ); document.write( " $\"+t+=+8.6736+\"$
\n" ); document.write( "and
\n" ); document.write( " $\"+.6736%2A12+=+8.08+\"$
\n" ); document.write( "You will double your money in 8 yrs 8 months
\n" ); document.write( "check:
\n" ); document.write( " $\"+2+=+1.001538%5E%2852t%29+\"$
\n" ); document.write( " $\"+2+=+1.001538%5E%2852%2A8.6736%29+\"$
\n" ); document.write( " $\"+2+=+1.001538%5E451.027+\"$
\n" ); document.write( " $\"+2+=+1.9999989+\"$
\n" ); document.write( "close enough\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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