Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will she double her money?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will she double her money?
900(
%3D
= ({
log(
) = log(
log(
) = (
) log(
log(
log(
X =
II
Transcribed Image Text:Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will she double her money? 900( %3D = ({ log( ) = log( log( ) = ( ) log( log( log( X = II
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