document.write( "Question 1195860: If money is worth 12% per annum, compounded monthly, how long will it take the principal P to become four times the original value? \n" ); document.write( "
Algebra.Com's Answer #828445 by ikleyn(52790)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "If money is worth 12% per annum, compounded monthly, \n" ); document.write( "how long will it take the principal P to become four times the original value? \n" ); document.write( "~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " The problem's formulation is INCORRECT, since the terms are used incorrectly.\r \n" ); document.write( "\n" ); document.write( " The correct formulation is as follows:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " If an account\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " In this formulation, the solution is below.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "Write equation, as you read the problem, for the account, which grows as described\r\n" ); document.write( "\r\n" ); document.write( " 4P =\r \n" ); document.write( "\n" ); document.write( "Solved.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "////////////////\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The term \" the money is worth \" is used when the money is borrowed.\r \n" ); document.write( "\n" ); document.write( "In this problem, the money is \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "=================\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see many other similar (and different) solved problems, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Problems on discretely compound accounts \r \n" ); document.write( "\n" ); document.write( "in this site, and learn the subject from there.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "After reading this lesson, you will tackle such problems on your own without asking for help from outside.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r \n" ); document.write( "\n" ); document.write( " - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic \"Logarithms\".\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I \n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Happy learning (!)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |