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evilclown · 07-17-2006, 10:41 PM

2=1.06^n

log 2 = log (1.06^n)

log 2 = n log 1.06

log 2 / log 1.06 = n

11.8956611 = n

It will take your money 11.9 years to double at a 6% annual interest rate.

07-17-2006, 10:41 PM
evilclown Confirmed User Join Date: Dec 2005 Posts: 131	2=1.06^n log 2 = log (1.06^n) log 2 = n log 1.06 log 2 / log 1.06 = n 11.8956611 = n It will take your money 11.9 years to double at a 6% annual interest rate.