document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1035884>Question 1035884</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help never understood how to do these problems. Thanks in advance\r<BR>\n" );
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document.write( "If you put 2000 an interest bearing account is compounded quarterly(4 times a year)at 6%, how long will it take for your money to triple?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #650484 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=650484\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you just have to plug the right numbers into<BR>\n" );
document.write( "the formula. Sometimes you have to do a<BR>\n" );
document.write( "conversion to logs base 10 to get answer.<BR>\n" );
document.write( "( I can never remember formula -I keep<BR>\n" );
document.write( "it handy for problems )<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+ ALIGN=MIDDLE  ALT=\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+P+=+2000+ ALIGN=MIDDLE  ALT=\"+P+=+2000+\"   DISABLED_style= \"max-width:90%; height:auto;\" > original investment<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+n+=+4+ ALIGN=MIDDLE  ALT=\"+n+=+4+\"   DISABLED_style= \"max-width:90%; height:auto;\" > compounding 4 times a year<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+=+.06+ ALIGN=MIDDLE  ALT=\"+r+=+.06+\"   DISABLED_style= \"max-width:90%; height:auto;\" > 6% interest rate<BR>\n" );
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document.write( "If you want to triple your original investment,<BR>\n" );
document.write( "just say <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+3P+ ALIGN=MIDDLE  ALT=\"+A+=+3P+\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or in this case:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+3%2A2000+ ALIGN=MIDDLE  ALT=\"+A+=+3%2A2000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+6000+ ALIGN=MIDDLE  ALT=\"+A+=+6000+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Find <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+t+ ALIGN=MIDDLE  ALT=\"+t+\"   DISABLED_style= \"max-width:90%; height:auto;\" >, number of years you leave the money in<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+ ALIGN=MIDDLE  ALT=\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+6000+=+2000%2A%28+1+%2B+.06%2F4+%29%5E%284t%29+ ALIGN=MIDDLE  ALT=\"+6000+=+2000%2A%28+1+%2B+.06%2F4+%29%5E%284t%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3+=+%28+1+%2B+.015+%29%5E%284t%29+ ALIGN=MIDDLE  ALT=\"+3+=+%28+1+%2B+.015+%29%5E%284t%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3+=+1.015%5E%284t%29+ ALIGN=MIDDLE  ALT=\"+3+=+1.015%5E%284t%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Take the log base 10 of both sides<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+.47712+=+%284t%29%2A.006466+ ALIGN=MIDDLE  ALT=\"+.47712+=+%284t%29%2A.006466+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+4t+=+73.78857+ ALIGN=MIDDLE  ALT=\"+4t+=+73.78857+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+t+=+18.4471+ ALIGN=MIDDLE  ALT=\"+t+=+18.4471+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+.4471%2A12+=+5.36+ ALIGN=MIDDLE  ALT=\"+.4471%2A12+=+5.36+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "It will take 18 years and 6 months<BR>\n" );
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document.write( "check:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3+=+%28+1+%2B+.015+%29%5E%284t%29+ ALIGN=MIDDLE  ALT=\"+3+=+%28+1+%2B+.015+%29%5E%284t%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3+=+%28+1+%2B+.015+%29%5E%284%2A18.4471%29+ ALIGN=MIDDLE  ALT=\"+3+=+%28+1+%2B+.015+%29%5E%284%2A18.4471%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3+=+1.015%5E73.7884+ ALIGN=MIDDLE  ALT=\"+3+=+1.015%5E73.7884+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+3+=+2.99998+ ALIGN=MIDDLE  ALT=\"+3+=+2.99998+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "close enough<BR>\n" );
document.write( "Hope this helps </SPAN>\n" );
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