Question 868378
100% + 7% = 107% = 1.07
$1500 * 1.07^x = $3000
1.07^x = $3000/$1500
1.07^x = 2
Take logs of both sides.
x log1.07 = log2
x         = log2/log1.07
x = 10.24 years.
Hope this helps. :-)