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
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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