document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1186381>Question 1186381</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help with the homework\r<BR>\n" );
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document.write( "At what period will 2500 double if interest is calculated half yearly at 11% interest per annum.\r<BR>\n" );
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document.write( "Thanks in advance<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #817316 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52788)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=817316\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Please help with the homework\r<BR>\n" );
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document.write( "At what period will 2500 double if interest is calculated half yearly at 11% interest per annum.\r<BR>\n" );
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document.write( "Thanks in advance<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is &nbsp;INCORRECTLY &nbsp;to say &nbsp;&nbsp;\"interest is calculated half yearly at &nbsp;11% &nbsp;interest per annum.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Correctly is to say &nbsp;\"Interest is &nbsp;COMPOUNDED &nbsp;every six months at &nbsp;11% &nbsp;annual interest rate.\"\r<BR>\n" );
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document.write( "You should calculate the time &nbsp;\"t\" &nbsp;as &nbsp;Alan did it in his post.\r<BR>\n" );
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document.write( "But &nbsp;AFTER &nbsp;THAT &nbsp;you &nbsp;MUST &nbsp;to round the time to integer number of compoinding periods,\r<BR>\n" );
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document.write( "in order for the bank was in position to make last compounding.\r<BR>\n" );
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document.write( "So, in this problem the correct answer is  &nbsp;\"6.5 &nbsp;years, &nbsp;that comprise  &nbsp;13 &nbsp;compounding periods.\"\r<BR>\n" );
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document.write( "//////////////////\r<BR>\n" );
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document.write( "To see many other similar &nbsp;(and different) &nbsp;solved problems, &nbsp;look into the lesson\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/logarithm/Problems-on-discretely-compound-accounts.lesson>Problems on discretely compound accounts</A> \r<BR>\n" );
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document.write( "in this site, and learn the subject from there.\r<BR>\n" );
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document.write( "After reading this lesson, you will tackle such problems on your own without asking for help from outside.\r<BR>\n" );
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document.write( "At the same time, &nbsp;you will improve your terminology, &nbsp;which is at low level now.\r<BR>\n" );
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document.write( "Also, &nbsp;you have this free of charge online textbook in ALGEBRA-I in this site\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson>ALGEBRA-I - YOUR ONLINE TEXTBOOK</A>.\r<BR>\n" );
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document.write( "The referred lesson is the part of this online textbook under the topic \"<U>Logarithms</U>\".\r<BR>\n" );
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document.write( "Save the link to this online textbook together with its description\r<BR>\n" );
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document.write( "Free of charge online textbook in ALGEBRA-I<BR>\n" );
document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r<BR>\n" );
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document.write( "to your archive and use it when it is needed.\r<BR>\n" );
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document.write( "Happy learning (!)\r<BR>\n" );
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