document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1109898>Question 1109898</A>: <I><SPAN STYLE=\"word-break: break-all;\"> suppose you invest $4300 in an account that ears 6% intrest, and you let it grow for 12 years. About how much would you expect to have after those 12 years? Use rule 72. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #724864 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39617)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=724864\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 6% for 12 years,...<BR>\n" );
document.write( "Assuming continuous compounding\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4300%2Ae%5E%2812%2A0.06%29 ALIGN=MIDDLE  ALT=\"4300%2Ae%5E%2812%2A0.06%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8834 ALIGN=MIDDLE  ALT=\"8834\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "--\r<BR>\n" );
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document.write( "If you are asking for the use of Rule of 72, then the doubling time is what is expected to be estimated.\r<BR>\n" );
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document.write( "t, the time to double<BR>\n" );
document.write( "r, the percent growth rate, AS PERCENT\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=ln%282%29%2Fln%281%2Br%2F100%29=approximately=72%2Fr ALIGN=MIDDLE  ALT=\"t=ln%282%29%2Fln%281%2Br%2F100%29=approximately=72%2Fr\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "but your question was, \"about how much would you expect to have after those 12 years\"; nothing about doubling was asked.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=72%2F6 ALIGN=MIDDLE  ALT=\"t=72%2F6\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=12 ALIGN=MIDDLE  ALT=\"t=12\"   DISABLED_style= \"max-width:90%; height:auto;\" >------the estimated time for doubling using this approximation rule is about 12 years. </SPAN>\n" );
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