Tuesday

March 3, 2015

March 3, 2015

Posted by **Haley James** on Wednesday, March 20, 2013 at 8:42pm.

- Pre Calc -
**Reiny**, Wednesday, March 20, 2013 at 10:08pmfor doubling

1(1.02)^n = 2 , where n is in quarter years..

take log of both sides

log (1.02)^n = log2

n log 1.02 = log 2

n = log 2/log 1.02 = appr 35 quarters

or 8.75 years

you try the tripling part.

**Answer this Question**

**Related Questions**

Math - Suppose you invest your money into an account that pays 4.0% per year ...

MATH, PLEASE HELP! - Suppose you invest your money into an account that pays 4.0...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

value of money - At 16% compounded quarterly, how long would it take for money ...

pre calc - An initial investment of $12,000 is appreciated for 5 years in an ...

Pre Calculus - You invest $4500 into an account that earns 6.5% interest ...

Trig/Pre-Calc - $2500 is invested in an account at interest rate r, compounded ...

Finance - 3. Joe and Sue invested $2000 at Bank America in 1995, at 6% ...

Log Question-Advanced Function - if you invested money into an account that pays...