Doubling Time If P dollars are invested at anannual interest rate r, compounded annually for tyears, the future value of the investment is given byS = P(1.07) t. Find a formula for the number of yearsit will take to double the initial investment.
Doubling Time If P dollars are invested at anannual interest rate r, compounded annually for tyears, the future value of the investment is given byS = P(1.07) t. Find a formula for the number of yearsit will take to double the initial investment.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 66SE: Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from,...
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Doubling Time If P dollars are invested at an
annual interest rate r, compounded annually for t
years, the future value of the investment is given by
S = P(1.07) t
. Find a formula for the number of years
it will take to double the initial investment.
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