2. Suppose an investment doubles in value every 3 years. If 5 thousand dollars is invested, write an equation using fractional exponents for the amount of money in the account in terms of the number of years since the initial investment.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...
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2. Suppose an investment doubles in value every 3 years. If 5 thousand dollars is invested, write
an equation using fractional exponents for the amount of money in the account in terms of the
number of years since the initial investment.
3. Suppose the current US population of approximately 350 million people increases by 1.8%
every 2 years. Write an equation using fractional exponents for the US population as a
function of years from today.
Transcribed Image Text:2. Suppose an investment doubles in value every 3 years. If 5 thousand dollars is invested, write an equation using fractional exponents for the amount of money in the account in terms of the number of years since the initial investment. 3. Suppose the current US population of approximately 350 million people increases by 1.8% every 2 years. Write an equation using fractional exponents for the US population as a function of years from today.
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