document.write( "Question 1166445: How long will it take to double an investment at 5.4% compounded monthly? Round your answer to the nearest tenth of a year.\r
\n" );
document.write( "\n" );
document.write( " _____years \n" );
document.write( "
Algebra.Com's Answer #790971 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In this problem, you have NO right to round the answer to \"nearest tenth of a year\" - it contradicts to the problem's meaning.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The answer is an integer number of months, since the month is a quantum of time, when the account is compounded monthly.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "AGAIN : the instruction CONTRADICTS to the meaning of the problem.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |