Suppose a person invested 1 million dollars in a certain project in the beginning of year 2000. The investment is a huge success and is now worth 10 million dollars at the end of year 2020. Assume that the investment has constant growth rate throughout the 20 years. Choose one number k from the set {2,3, •••,9} and find the time interval in which W has leading digit k.
Suppose a person invested 1 million dollars in a certain project in the beginning of year 2000. The investment is a huge success and is now worth 10 million dollars at the end of year 2020. Assume that the investment has constant growth rate throughout the 20 years. Choose one number k from the set {2,3, •••,9} and find the time interval in which W has leading digit k.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Suppose a person invested 1 million dollars in a certain project in the beginning of year 2000. The investment is a huge success and is now worth 10 million dollars at the end of year 2020. Assume that the investment has constant growth rate throughout the 20 years.
Choose one number k from the set {2,3, •••,9} and find the time interval in which W has leading digit k.
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