on a certain date , pat invested $ 5,000 at x percent annual interest , compounded annually . if the total value of the investment plus interest at the end of 12 years will be $ 20,000 , in how many years , the total value of the investment plus interest will increase to $ 30,000 ?
if i were to choose during the test , would go for 18 or 20 . probably 18 cuz it wont take too long to get the value doubled . . . . i found a method : rule of 72 . given an x % return , it takes 5,000 to quadralope 12 years . so according to the rule : 72 / x is the no of years 5 , 000.00 took to double 10 , 000.00 . again , 10 , 000.00 took to double 20 , 000.00 same ( 72 / x ) no of years . 72 / x + 72 / x = 12 x = 12 % ( though rate here is not very much required ) . again , 20 , 000.00 takes the same ( 72 / x ) no of years to double 30 , 000.00 . 72 / x = 6 years . so altogather : 5,000 - 10,000 = 6 years 10,000 - 20,000 = 6 years 20,000 - 30,000 = 3 years answer a 15 years .
divide(log(divide(multiply(const_3, const_10), add(const_4, const_1))), log(power(divide(multiply(const_2, const_10), add(const_4, const_1)), divide(const_1, 12))))