Mr Lee keeps 1000 USD in a bank. The amount of money rises by W = 1000(1.09)t after t years. Calculate: 1) The amount of money after 5 years. 2) The time is taken, t, in years, for the money to rise from 1000 USD to 1200 USD.

Mr Lee keeps 1000 USD in a bank. The amount of money rises by W = 1000(1.09)t after t years. Calculate: 1) The amount of money after 5 years. 2) The time is taken, t, in years, for the money to rise from 1000 USD to 1200 USD.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 18T

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Question

QUESTION 3

Mr Lee keeps 1000 USD in a bank. The amount of money rises by W = 1000(1.09)^t after t years. Calculate:

1) The amount of money after 5 years.

2) The time is taken, t, in years, for the money to rise from 1000 USD to 1200 USD.

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