The amount of money invested in a certain account increases according to the following function, where y, is the initial amount of the investment, and y is the amount present at time t (in years). 0.0475t y=Yoe After how many years will the initial investment be doubled? Do not round any intermediate computations, and round your answer to the nearest tenth. years

The amount of money invested in a certain account increases according to the following function, where y, is the initial amount of the investment, and y is the amount present at time t (in years). 0.0475t y=Yoe After how many years will the initial investment be doubled? Do not round any intermediate computations, and round your answer to the nearest tenth. years

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

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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