document.write( "Question 1026250: You have deposited $700 in an account that pays 4.25% interest, compounded continuously. How long will it take your money to triple? I know to use $\"+Pe%5Ert+\"$ , and natural log (ln), but i'm kind of lost after that. \n" ); document.write( "

Algebra.Com's Answer #641481 by josmiceli(19441) $\"\"$ $\"About$

You can put this solution on YOUR website!
What you have is:
\n" ); document.write( " $\"+3P+=+P%2Ae%5E%28r%2At%29+\"$
\n" ); document.write( "Divide both sides by $\"+P+\"$
\n" ); document.write( " $\"+3+=+e%5E%28r%2At%29+\"$
\n" ); document.write( "This shows that the amount of the
\n" ); document.write( "investment has no effect on the answer
\n" ); document.write( " $\"+r+=+.0425+\"$
\n" ); document.write( " $\"+e%5E%28+.0425t+%29+=+3+\"$
\n" ); document.write( "Take the natural log of both sides
\n" ); document.write( " $\"+.0425t+=+ln%283%29+\"$
\n" ); document.write( " $\"+.0425t+=+1.0986+\"$
\n" ); document.write( " $\"+t+=+25.85+\"$
\n" ); document.write( "Is this years? I think so- check on this \n" ); document.write( "

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