Gretta, Trisha, and Steve are investing money in hopes of becoming millionaires. All accounts have annual compound interest. Gretta invests $2,000 in an account that promises 10% growth every year. Trisha invests $1,000 in an account that promises 15% growth every year. Steve invests $2,000 in an account that promises 5% growth every year. Identify when each person becomes a millionaire. (Round to the nearest year.) Trisha will become a millionaire after years. Gretta will become a millionaire after years. Steve will become a millionaire after years.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
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Gretta, Trisha, and Steve are investing money in hopes of becoming millionaires. All accounts have annual
compound interest.
Gretta invests $2,000 in an account that promises 10% growth every year. Trisha invests $1,000 in an account
that promises 15% growth every year. Steve invests $2,000 in an account that promises 5% growth every year.
Identify when each person becomes a millionaire. (Round to the nearest year.)
Trisha will become a millionaire after
years.
Gretta will become a millionaire after
years.
Steve will become a millionaire after
years.
Transcribed Image Text:Gretta, Trisha, and Steve are investing money in hopes of becoming millionaires. All accounts have annual compound interest. Gretta invests $2,000 in an account that promises 10% growth every year. Trisha invests $1,000 in an account that promises 15% growth every year. Steve invests $2,000 in an account that promises 5% growth every year. Identify when each person becomes a millionaire. (Round to the nearest year.) Trisha will become a millionaire after years. Gretta will become a millionaire after years. Steve will become a millionaire after years.
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Algebra: Structure And Method, Book 1
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