2) Danny invests $1200 into an account that pays 5% interest, compounded semi-annually. An equation that models the value (A, in dollars) of this investment after t years is A(t) = 1200(1.05)²t. Determine how long it will take for this investment to triple in value. Use the power law of logarithms in your solution
2) Danny invests $1200 into an account that pays 5% interest, compounded semi-annually. An equation that models the value (A, in dollars) of this investment after t years is A(t) = 1200(1.05)²t. Determine how long it will take for this investment to triple in value. Use the power law of logarithms in your solution
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.86TI: Rachel invests $15,000 at age 25. She hopes the investments will be worth when she turns 40. If the...
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