Maggie invests $1400 in a mutual fund that averages 3% growth per year. The amount of money in the fund is given by A=1400(1.03)xA=1400(1.03)x, where xx is time in years. (a) How long will take for Maggie's money to double? Round to the nearest tenth of a year. years (b) How long will take for the same investment to triple in value? Round to the nearest tenth of a year. years

Maggie invests $1400 in a mutual fund that averages 3% growth per year. The amount of money in the fund is given by A=1400(1.03)xA=1400(1.03)x, where xx is time in years. (a) How long will take for Maggie's money to double? Round to the nearest tenth of a year. years (b) How long will take for the same investment to triple in value? Round to the nearest tenth of a year. years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 31HP

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