1. The annual salary of Lee was $80 000 in 2023. His annual salary increases at a constant rate 6% per year. At least how many years will it take for his annual salary to be more than a of double?
1. The annual salary of Lee was $80 000 in 2023. His annual salary increases at a constant rate 6% per year. At least how many years will it take for his annual salary to be more than a of double?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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PLs help ASAP. Pls show all work and steps. Pls circle the final answer also.
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