According to a study, each additional year of education increases one's income by 19%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.19. How many additional years of education are required to double your income? That is, find the that satisfies 1.19* = 2. (Round your answer to one decimal place.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 35E
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According to a study, each additional year of education increases one's income by 19%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.19%.
How many additional years of education are required to double your income? That is, find the x that satisfies 1.19* = 2. (Round your answer to one decimal place.)
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Transcribed Image Text:‒‒‒‒‒ According to a study, each additional year of education increases one's income by 19%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.19%. How many additional years of education are required to double your income? That is, find the x that satisfies 1.19* = 2. (Round your answer to one decimal place.) yr
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