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    SAlston79's Avatar
    SAlston79 Posts: 3, Reputation: 1
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    #1

    Dec 1, 2009, 09:03 PM
    solve for n: 2 = 1(1.1)^n
    How long will it take $1.00 to double if invested at a rate of 10%
    harum's Avatar
    harum Posts: 339, Reputation: 27
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    #2

    Dec 1, 2009, 09:50 PM

    It can be done on a calculator: n=ln2/ln(1.1)
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #3

    Dec 1, 2009, 10:58 PM

    You already have the equation:



    You only need to make n the subject of formula and use your calculator to find the value of n.
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