3. Th e annual income of a person from China is $5100 and is growing at a rate of 8% per year. In what year will it reach the (present) U.S. Ievel of $39,000?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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3. The annual income of a person from China is $5100 and is growing at a rate of 8% per year. In
what year will it reach the (present) U.S. level of $39,000?
Transcribed Image Text:3. The annual income of a person from China is $5100 and is growing at a rate of 8% per year. In what year will it reach the (present) U.S. level of $39,000?
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