document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207038>Question 1207038</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Bruno deposits $550 in an account that pays 8.3% simple interest.<BR>\n" );
document.write( "How long will it take for Bruno's investment to double if he never<BR>\n" );
document.write( "withdraws money from the account?<BR>\n" );
document.write( "Ⓐ 13 months<BR>\n" );
document.write( "Ⓑ 22 months<BR>\n" );
document.write( "Ⓒ 145 months<BR>\n" );
document.write( "Ⓓ 642 months </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #844845 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=844845\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> simple interest formula is i = p * r * t<BR>\n" );
document.write( "p = 550<BR>\n" );
document.write( "r = .083 per year.<BR>\n" );
document.write( "at simple interest, this becomes .083 per year / 12 = .0069166667 per month.\r<BR>\n" );
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document.write( "if you want to double your money, then i must be equal to 550.<BR>\n" );
document.write( "formula becomes 550 = 550 * .0069166667 * t.<BR>\n" );
document.write( "solve for t to get t = 550 / (550 * ,0069166667) = 144.5783133 months.\r<BR>\n" );
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document.write( "your closest selection to that is 145 months.<BR>\n" );
document.write( "that's your solution.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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