document.write( "Question 1209369: A sum of money doubles itself in 10 years. The number of years it would triple itself is? \n" ); document.write( "
Algebra.Com's Answer #848692 by greenestamps(13200)\"\" \"About 
You can put this solution on YOUR website!


\n" ); document.write( "Let a be the initial amount; let r be the growth factor each year. Then, since the amount doubles in 10 years,

\n" ); document.write( "\"a%28r%5E10%29=2a\"
\n" ); document.write( "\"r%5E10=2a%2Fa=2\"
\n" ); document.write( "\"r=root%2810%2C2%29\" = 1.07177 to several decimal places.

\n" ); document.write( "We want to find the number of years n it takes the amount to triple:

\n" ); document.write( "\"a%28r%5En%29=3a\"
\n" ); document.write( "\"r%5En=3\"

\n" ); document.write( "The variable is in an exponent, so use logarithms.

\n" ); document.write( "\"n%2Alog%28r%29=log%283%29\"
\n" ); document.write( "\"n=log%283%29%2Flog%28r%29\" = 15.85 to two decimal places

\n" ); document.write( "ANSWER: approximately 15.85 years

\n" ); document.write( "Of course, if we want an answer in whole numbers of years we need to round that up to 16 years.

\n" ); document.write( "
\n" ); document.write( "
\n" );