An investment grows by 1.2 times in the first year, by 1.3 times in the second year, then drops by a factor of .87 in the third year. By what overall factor does the value change over a three year period? The value ______(increases or decreases), by ___________? times over a three year period.

An investment grows by 1.2 times in the first year, by 1.3 times in the second year, then drops by a factor of .87 in the third year. By what overall factor does the value change over a three year period? The value (increases or decreases), by _____? times over a three year period.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

ChapterP: Prerequisites

SectionP.9: Modeling With Equations

Problem 28E: Investments Jack invest $1000 at a certain annual interest rate, and he invests another $2000 at an...

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