ost tooth. If the price of a lost tooth is initially $1, approximately how many nights would it take for ne price of the tooth to rise to $128? D7 nights D 13 nights D 14 nights 49 nights It cannot be determined from the information above.

ost tooth. If the price of a lost tooth is initially $1, approximately how many nights would it take for ne price of the tooth to rise to $128? D7 nights D 13 nights D 14 nights 49 nights It cannot be determined from the information above.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter32: Building Theories To Explain Every Day Life: From Observations To Questions To Theories To Predictions

Section: Chapter Questions

Problem 11QP

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Question

Benji charges the tooth fairy 10% interest every night that they are late in exchanging money for his
lost tooth. If the price of a lost tooth is initially $1, approximately how many nights would it take for
the price of the tooth to rise to $128?
7 nights
13 nights
14 nights
49 nights
It cannot be determined from the information above.

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