document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=85552>Question 85552</A>: <I><SPAN STYLE=\"word-break: break-all;\"> From a worksheet:<BR>\n" );
document.write( "How long will it take $1750 to triple at 9.5% simple interest?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #61817 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=61817\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How long will it take $1750 to triple at 9.5% simple interest? <BR>\n" );
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document.write( "Simple interest formula: P*r*t = I<BR>\n" );
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document.write( "I assume that \"Triple\" means that you start with 1750, and end up with 5250<BR>\n" );
document.write( "an additional $3500 added to the original 1750, $3500 is earned from interest<BR>\n" );
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document.write( "P = $1750; r = .095; I = $3500<BR>\n" );
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document.write( "1750 * .095 * t = 3500<BR>\n" );
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document.write( "166.25t = 3500<BR>\n" );
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document.write( "t = 3500/166.25<BR>\n" );
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document.write( "t = 21.05 years to triple your money<BR>\n" );
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document.write( "Check: <BR>\n" );
document.write( "I = 1750 * .095 * 21.05 <BR>\n" );
document.write( "I = 3499.56 ~ $3500\r<BR>\n" );
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