Algebra and Trigonometry: Structure and Method, Book 2
Algebra and Trigonometry: Structure and Method, Book 2
2000th Edition
ISBN: 9780395977255
Author: MCDOUGAL LITTEL
Publisher: McDougal Littell
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Chapter 10.7, Problem 12P
To determine

To determine how long it would take to triple money if it is invested at a rate of 6% compounded annually.

Expert Solution & Answer
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Answer to Problem 12P

Hence time to take double the money is 11.67 years

Explanation of Solution

Given information:

Rate = 6%

Doubling rate is given by formula,

  N=N021d

Where N is present value, N0 is starting value and d is doubling rate.

We have to solve for d

Now we put N=3N0 and take log both sides in order to derive expression for time to double.

Hence we get,

  d=ln(3)ln(1+r100)70r

Sometimes this is directly used to calculate the doubling time when the interest is compounded annually. (Called rule of 70)

Hence time to take double the money is 706=11.67 years

Chapter 10 Solutions

Algebra and Trigonometry: Structure and Method, Book 2

Ch. 10.1 - Prob. 11OECh. 10.1 - Prob. 12OECh. 10.1 - Prob. 13OECh. 10.1 - Prob. 14OECh. 10.1 - Prob. 15OECh. 10.1 - Prob. 16OECh. 10.1 - Prob. 17OECh. 10.1 - Prob. 18OECh. 10.1 - Prob. 19OECh. 10.1 - Prob. 20OECh. 10.1 - Prob. 21OECh. 10.1 - Prob. 22OECh. 10.1 - Prob. 23OECh. 10.1 - Prob. 24OECh. 10.1 - Prob. 25OECh. 10.1 - Prob. 26OECh. 10.1 - Prob. 27OECh. 10.1 - Prob. 28OECh. 10.1 - Prob. 29OECh. 10.1 - Prob. 30OECh. 10.1 - Prob. 31OECh. 10.1 - Prob. 1WECh. 10.1 - Prob. 2WECh. 10.1 - Prob. 3WECh. 10.1 - Prob. 4WECh. 10.1 - Prob. 5WECh. 10.1 - Prob. 6WECh. 10.1 - Prob. 7WECh. 10.1 - Prob. 8WECh. 10.1 - Prob. 9WECh. 10.1 - Prob. 10WECh. 10.1 - Prob. 11WECh. 10.1 - Prob. 12WECh. 10.1 - Prob. 13WECh. 10.1 - Prob. 14WECh. 10.1 - Prob. 15WECh. 10.1 - Prob. 16WECh. 10.1 - Prob. 17WECh. 10.1 - Prob. 18WECh. 10.1 - Prob. 19WECh. 10.1 - Prob. 20WECh. 10.1 - Prob. 21WECh. 10.1 - Prob. 22WECh. 10.1 - Prob. 23WECh. 10.1 - Prob. 24WECh. 10.1 - Prob. 25WECh. 10.1 - Prob. 26WECh. 10.1 - Prob. 27WECh. 10.1 - Prob. 28WECh. 10.1 - Prob. 29WECh. 10.1 - Prob. 30WECh. 10.1 - Prob. 31WECh. 10.1 - Prob. 32WECh. 10.1 - Prob. 33WECh. 10.1 - Prob. 34WECh. 10.1 - Prob. 35WECh. 10.1 - Prob. 36WECh. 10.1 - Prob. 37WECh. 10.1 - Prob. 38WECh. 10.1 - Prob. 39WECh. 10.1 - Prob. 40WECh. 10.1 - Prob. 41WECh. 10.1 - Prob. 42WECh. 10.1 - Prob. 43WECh. 10.1 - Prob. 44WECh. 10.1 - Prob. 45WECh. 10.1 - Prob. 46WECh. 10.1 - Prob. 47WECh. 10.1 - Prob. 48WECh. 10.1 - Prob. 49WECh. 10.1 - Prob. 50WECh. 10.1 - Prob. 1MRECh. 10.1 - Prob. 2MRECh. 10.1 - Prob. 3MRECh. 10.1 - Prob. 4MRECh. 10.1 - Prob. 5MRECh. 10.1 - Prob. 6MRECh. 10.2 - Prob. 1OECh. 10.2 - Prob. 2OECh. 10.2 - Prob. 3OECh. 10.2 - Prob. 4OECh. 10.2 - Prob. 5OECh. 10.2 - Prob. 6OECh. 10.2 - Prob. 7OECh. 10.2 - Prob. 8OECh. 10.2 - Prob. 9OECh. 10.2 - Prob. 10OECh. 10.2 - Prob. 11OECh. 10.2 - Prob. 12OECh. 10.2 - Prob. 1WECh. 10.2 - Prob. 2WECh. 10.2 - Prob. 3WECh. 10.2 - Prob. 4WECh. 10.2 - Prob. 5WECh. 10.2 - Prob. 6WECh. 10.2 - Prob. 7WECh. 10.2 - Prob. 8WECh. 10.2 - Prob. 9WECh. 10.2 - Prob. 10WECh. 10.2 - Prob. 11WECh. 10.2 - Prob. 12WECh. 10.2 - Prob. 13WECh. 10.2 - Prob. 14WECh. 10.2 - Prob. 15WECh. 10.2 - Prob. 16WECh. 10.2 - Prob. 17WECh. 10.2 - Prob. 18WECh. 10.2 - Prob. 19WECh. 10.2 - Prob. 20WECh. 10.2 - Prob. 21WECh. 10.2 - Prob. 22WECh. 10.2 - Prob. 23WECh. 10.2 - Prob. 24WECh. 10.2 - Prob. 25WECh. 10.2 - Prob. 26WECh. 10.2 - Prob. 27WECh. 10.2 - Prob. 28WECh. 10.2 - Prob. 29WECh. 10.2 - Prob. 30WECh. 10.2 - Prob. 31WECh. 10.2 - Prob. 32WECh. 10.2 - Prob. 33WECh. 10.2 - Prob. 34WECh. 10.2 - Prob. 35WECh. 10.2 - Prob. 36WECh. 10.2 - Prob. 37WECh. 10.2 - Prob. 38WECh. 10.2 - Prob. 39WECh. 10.3 - Prob. 1OECh. 10.3 - Prob. 2OECh. 10.3 - Prob. 3OECh. 10.3 - Prob. 4OECh. 10.3 - Prob. 5OECh. 10.3 - Prob. 6OECh. 10.3 - Prob. 7OECh. 10.3 - Prob. 1WECh. 10.3 - Prob. 2WECh. 10.3 - Prob. 3WECh. 10.3 - Prob. 4WECh. 10.3 - Prob. 5WECh. 10.3 - Prob. 6WECh. 10.3 - Prob. 7WECh. 10.3 - Prob. 8WECh. 10.3 - Prob. 9WECh. 10.3 - Prob. 10WECh. 10.3 - Prob. 11WECh. 10.3 - 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Prob. 16OECh. 10.4 - Prob. 17OECh. 10.4 - Prob. 18OECh. 10.4 - Prob. 19OECh. 10.4 - Prob. 20OECh. 10.4 - Prob. 1WECh. 10.4 - Prob. 2WECh. 10.4 - Prob. 3WECh. 10.4 - Prob. 4WECh. 10.4 - Prob. 5WECh. 10.4 - Prob. 6WECh. 10.4 - Prob. 7WECh. 10.4 - Prob. 8WECh. 10.4 - Prob. 9WECh. 10.4 - Prob. 10WECh. 10.4 - Prob. 11WECh. 10.4 - Prob. 12WECh. 10.4 - Prob. 13WECh. 10.4 - Prob. 14WECh. 10.4 - Prob. 15WECh. 10.4 - Prob. 16WECh. 10.4 - Prob. 17WECh. 10.4 - Prob. 18WECh. 10.4 - Prob. 19WECh. 10.4 - Prob. 20WECh. 10.4 - Prob. 21WECh. 10.4 - Prob. 22WECh. 10.4 - Prob. 23WECh. 10.4 - Prob. 24WECh. 10.4 - Prob. 25WECh. 10.4 - Prob. 26WECh. 10.4 - Prob. 27WECh. 10.4 - Prob. 28WECh. 10.4 - Prob. 29WECh. 10.4 - Prob. 30WECh. 10.4 - Prob. 31WECh. 10.4 - Prob. 32WECh. 10.4 - Prob. 33WECh. 10.4 - Prob. 34WECh. 10.4 - Prob. 35WECh. 10.4 - Prob. 36WECh. 10.4 - Prob. 37WECh. 10.4 - Prob. 38WECh. 10.4 - Prob. 39WECh. 10.4 - Prob. 40WECh. 10.4 - Prob. 41WECh. 10.4 - Prob. 42WECh. 10.4 - Prob. 43WECh. 10.5 - Prob. 1OECh. 10.5 - Prob. 2OECh. 10.5 - Prob. 3OECh. 10.5 - Prob. 4OECh. 10.5 - Prob. 5OECh. 10.5 - Prob. 6OECh. 10.5 - Prob. 7OECh. 10.5 - Prob. 8OECh. 10.5 - Prob. 9OECh. 10.5 - Prob. 10OECh. 10.5 - Prob. 11OECh. 10.5 - Prob. 12OECh. 10.5 - Prob. 13OECh. 10.5 - Prob. 14OECh. 10.5 - Prob. 15OECh. 10.5 - Prob. 16OECh. 10.5 - Prob. 17OECh. 10.5 - Prob. 18OECh. 10.5 - Prob. 19OECh. 10.5 - Prob. 20OECh. 10.5 - Prob. 21OECh. 10.5 - Prob. 22OECh. 10.5 - Prob. 23OECh. 10.5 - Prob. 24OECh. 10.5 - Prob. 1WECh. 10.5 - Prob. 2WECh. 10.5 - Prob. 3WECh. 10.5 - Prob. 4WECh. 10.5 - Prob. 5WECh. 10.5 - Prob. 6WECh. 10.5 - Prob. 7WECh. 10.5 - Prob. 8WECh. 10.5 - Prob. 9WECh. 10.5 - Prob. 10WECh. 10.5 - Prob. 11WECh. 10.5 - Prob. 12WECh. 10.5 - Prob. 13WECh. 10.5 - Prob. 14WECh. 10.5 - Prob. 15WECh. 10.5 - Prob. 16WECh. 10.5 - Prob. 17WECh. 10.5 - Prob. 18WECh. 10.5 - Prob. 19WECh. 10.5 - Prob. 20WECh. 10.5 - Prob. 21WECh. 10.5 - Prob. 22WECh. 10.5 - Prob. 23WECh. 10.5 - Prob. 24WECh. 10.5 - Prob. 25WECh. 10.5 - Prob. 26WECh. 10.5 - Prob. 27WECh. 10.5 - Prob. 28WECh. 10.5 - Prob. 29WECh. 10.5 - Prob. 30WECh. 10.5 - Prob. 31WECh. 10.5 - Prob. 32WECh. 10.5 - Prob. 33WECh. 10.5 - Prob. 34WECh. 10.5 - Prob. 35WECh. 10.5 - Prob. 36WECh. 10.5 - Prob. 37WECh. 10.5 - Prob. 38WECh. 10.5 - Prob. 39WECh. 10.5 - Prob. 40WECh. 10.5 - Prob. 41WECh. 10.5 - Prob. 42WECh. 10.5 - Prob. 43WECh. 10.5 - Prob. 44WECh. 10.5 - Prob. 45WECh. 10.5 - Prob. 46WECh. 10.5 - Prob. 47WECh. 10.5 - Prob. 48WECh. 10.5 - Prob. 49WECh. 10.5 - Prob. 50WECh. 10.5 - Prob. 51WECh. 10.5 - Prob. 1MRECh. 10.5 - Prob. 2MRECh. 10.5 - Prob. 3MRECh. 10.5 - Prob. 4MRECh. 10.5 - Prob. 5MRECh. 10.5 - Prob. 6MRECh. 10.5 - Prob. 7MRECh. 10.5 - Prob. 8MRECh. 10.5 - Prob. 9MRECh. 10.5 - Prob. 10MRECh. 10.5 - Prob. 11MRECh. 10.5 - Prob. 12MRECh. 10.5 - Prob. 13MRECh. 10.5 - Prob. 1STCh. 10.5 - Prob. 2STCh. 10.5 - Prob. 3STCh. 10.5 - Prob. 4STCh. 10.5 - Prob. 5STCh. 10.5 - Prob. 6STCh. 10.5 - Prob. 7STCh. 10.6 - Prob. 1OECh. 10.6 - Prob. 2OECh. 10.6 - Prob. 3OECh. 10.6 - Prob. 4OECh. 10.6 - Prob. 5OECh. 10.6 - Prob. 6OECh. 10.6 - Prob. 7OECh. 10.6 - Prob. 8OECh. 10.6 - Prob. 9OECh. 10.6 - Prob. 10OECh. 10.6 - Prob. 11OECh. 10.6 - Prob. 12OECh. 10.6 - Prob. 13OECh. 10.6 - Prob. 14OECh. 10.6 - Prob. 15OECh. 10.6 - Prob. 16OECh. 10.6 - Prob. 1WECh. 10.6 - Prob. 2WECh. 10.6 - Prob. 3WECh. 10.6 - Prob. 4WECh. 10.6 - Prob. 5WECh. 10.6 - Prob. 6WECh. 10.6 - Prob. 7WECh. 10.6 - Prob. 8WECh. 10.6 - Prob. 9WECh. 10.6 - Prob. 10WECh. 10.6 - Prob. 11WECh. 10.6 - Prob. 12WECh. 10.6 - Prob. 13WECh. 10.6 - Prob. 14WECh. 10.6 - Prob. 15WECh. 10.6 - Prob. 16WECh. 10.6 - Prob. 17WECh. 10.6 - Prob. 18WECh. 10.6 - Prob. 19WECh. 10.6 - Prob. 20WECh. 10.6 - Prob. 21WECh. 10.6 - Prob. 22WECh. 10.6 - Prob. 23WECh. 10.6 - Prob. 24WECh. 10.6 - Prob. 25WECh. 10.6 - Prob. 26WECh. 10.6 - Prob. 27WECh. 10.6 - Prob. 28WECh. 10.6 - Prob. 29WECh. 10.6 - Prob. 30WECh. 10.6 - Prob. 31WECh. 10.6 - Prob. 32WECh. 10.6 - Prob. 33WECh. 10.6 - Prob. 34WECh. 10.6 - Prob. 35WECh. 10.6 - Prob. 36WECh. 10.6 - Prob. 37WECh. 10.6 - Prob. 38WECh. 10.6 - Prob. 39WECh. 10.6 - Prob. 40WECh. 10.6 - Prob. 41WECh. 10.6 - Prob. 42WECh. 10.7 - Prob. 1OECh. 10.7 - Prob. 2OECh. 10.7 - Prob. 3OECh. 10.7 - Prob. 4OECh. 10.7 - Prob. 1PCh. 10.7 - Prob. 2PCh. 10.7 - Prob. 3PCh. 10.7 - Prob. 4PCh. 10.7 - Prob. 5PCh. 10.7 - Prob. 6PCh. 10.7 - Prob. 7PCh. 10.7 - Prob. 8PCh. 10.7 - Prob. 9PCh. 10.7 - Prob. 10PCh. 10.7 - Prob. 11PCh. 10.7 - Prob. 12PCh. 10.7 - Prob. 13PCh. 10.7 - Prob. 14PCh. 10.7 - Prob. 15PCh. 10.7 - Prob. 16PCh. 10.7 - Prob. 17PCh. 10.7 - Prob. 18PCh. 10.7 - Prob. 19PCh. 10.7 - Prob. 20PCh. 10.7 - Prob. 21PCh. 10.7 - Prob. 22PCh. 10.7 - Prob. 1MRECh. 10.7 - Prob. 2MRECh. 10.7 - Prob. 3MRECh. 10.7 - Prob. 4MRECh. 10.7 - Prob. 5MRECh. 10.7 - Prob. 6MRECh. 10.7 - Prob. 7MRECh. 10.7 - Prob. 8MRECh. 10.7 - Prob. 9MRECh. 10.7 - Prob. 10MRECh. 10.7 - Prob. 11MRECh. 10.7 - Prob. 12MRECh. 10.8 - Prob. 1OECh. 10.8 - Prob. 2OECh. 10.8 - Prob. 3OECh. 10.8 - Prob. 4OECh. 10.8 - Prob. 5OECh. 10.8 - Prob. 6OECh. 10.8 - Prob. 7OECh. 10.8 - Prob. 8OECh. 10.8 - Prob. 9OECh. 10.8 - Prob. 10OECh. 10.8 - Prob. 11OECh. 10.8 - Prob. 12OECh. 10.8 - Prob. 13OECh. 10.8 - Prob. 14OECh. 10.8 - Prob. 15OECh. 10.8 - Prob. 16OECh. 10.8 - Prob. 1WECh. 10.8 - Prob. 2WECh. 10.8 - Prob. 3WECh. 10.8 - Prob. 4WECh. 10.8 - Prob. 5WECh. 10.8 - Prob. 6WECh. 10.8 - Prob. 7WECh. 10.8 - Prob. 8WECh. 10.8 - Prob. 9WECh. 10.8 - Prob. 10WECh. 10.8 - Prob. 11WECh. 10.8 - Prob. 12WECh. 10.8 - Prob. 13WECh. 10.8 - Prob. 14WECh. 10.8 - Prob. 15WECh. 10.8 - Prob. 16WECh. 10.8 - Prob. 17WECh. 10.8 - Prob. 18WECh. 10.8 - Prob. 19WECh. 10.8 - Prob. 20WECh. 10.8 - Prob. 21WECh. 10.8 - Prob. 22WECh. 10.8 - Prob. 23WECh. 10.8 - Prob. 24WECh. 10.8 - Prob. 25WECh. 10.8 - Prob. 26WECh. 10.8 - Prob. 27WECh. 10.8 - Prob. 28WECh. 10.8 - Prob. 29WECh. 10.8 - Prob. 30WECh. 10.8 - Prob. 31WECh. 10.8 - Prob. 32WECh. 10.8 - Prob. 33WECh. 10.8 - Prob. 34WECh. 10.8 - Prob. 35WECh. 10.8 - Prob. 36WECh. 10.8 - Prob. 37WECh. 10.8 - Prob. 38WECh. 10.8 - Prob. 39WECh. 10.8 - 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