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An investment grows according to the formula B = 8000 x 1.0065t dollars, where t is time, measured in months. In parts (b) and (c), round your answer to (a) What was the initial balance of the investment? $ 8000 (b) How many months does it take for the balance to double? 107 months (c) How many more months does it take for the balance to double again? 214 X months Need Help? Read It

An investment grows according to the formula B = 8000 x 1.0065t dollars, where t is time, measured in months. In parts (b) and (c), round your answer to (a) What was the initial balance of the investment? $ 8000 (b) How many months does it take for the balance to double? 107 months (c) How many more months does it take for the balance to double again? 214 X months Need Help? Read It

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterP: Prerequisites
Section: Chapter Questions
Problem 132E
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An investment grows according to the formula B = 8000 x 1.0065 dollars, where t is time, measured in months. In parts (b) and (c), round your answer to (a) What was the initial balance of the investment? $ 8000 (b) How many months does it take for the balance to double? 107 months (c) How many more months does it take for the balance to double again? 214 X months Need Help? Read It
Transcribed Image Text:An investment grows according to the formula B = 8000 x 1.0065 dollars, where t is time, measured in months. In parts (b) and (c), round your answer to (a) What was the initial balance of the investment? $ 8000 (b) How many months does it take for the balance to double? 107 months (c) How many more months does it take for the balance to double again? 214 X months Need Help? Read It
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