<PRE><B>Question 536426</B>
Either you can take x as the principal Or %100 

I take $100

Principal P =	100							
Amount=	300							
years=n								
compounded (t)	4							
Rate =	6				0.02			
Amount =	P*((n+r)/n)^n							
								
300	=	100	*(	1	+	0.02	)^	n*t
3	=	*(	1	+	0.02	)^	n*	4
ln	3	=	4	n *ln	1.02			
	1.1	=	4	0.01	*n			
	18.45	=	n	
18.45 years
-----------------

Monthly
Principal P =	100							
Amount=	300							
years=n								
compounded (t)	12							
Rate =	6				0.01			
Amount =	P*((n+r)/n)^n							
								
300	=	100	*(	1	+	0.01	)^	n*t
3	=	*(	1	+	0.01	)^	n*	12
ln	3	=	12	n *ln	1.01			
	1.1	=	12	0	*n			
	18.36	=	n
m.ananth@hotmail.ca					
				
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