The amount A accumulated after 1000 dollars is invested for t years at an interest rate of 4% is modeled by the function A(t) = 1000(1.04):. Determine how long it takes for the original investment to triple.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.1: Functions And Function Notation
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The amount A accumulated after 1000 dollars is invested for t years
at an interest rate of 4% is modeled by the function
A(t) = 1000(1.04):.
Determine how long it takes for the original investment to triple.
Transcribed Image Text:The amount A accumulated after 1000 dollars is invested for t years at an interest rate of 4% is modeled by the function A(t) = 1000(1.04):. Determine how long it takes for the original investment to triple.
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