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 #844849 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=844849\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Since the problem is multiple choice with only 4 choices (which are all very different from each other), the correct answer can be found by estimating.<br><BR>\n" );
document.write( "The 8.3% interest is an annual interest rate.<BR>\n" );
document.write( "8.3% is very close to 1/12; 12 times 8.3% is99.6%.<BR>\n" );
document.write( "So the money will double (i.e., grow by 100%) in about 12 years, which is 144 months.<br><BR>\n" );
document.write( "Only answer choice C is close to 144 months.<br><BR>\n" );
document.write( "ANSWER: 145 months<br><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );