SOLUTION: how long willl it take for a sum of money invested at 3% simple interest to double the original sum?

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Question 764269: how long willl it take for a sum of money invested at 3% simple interest to double the original sum?
Answer by tommyt3rd(5050) About Me  (Show Source):
You can put this solution on YOUR website!
This will happen when I=P, so
P=Prt
P%2FP=%28P%2FP%29rt

t=1%2Fr=1%2F0.03=33%261%2F3

33 1/3 years

:)