A business associate has an idea that he claims will double you money that you invest in his business in 4 years? Assuming that he is correct, if you initially invest $24,000 in his business, write the equation that would perfect the amount A in your account at the time t in years

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A business associate has an idea that he claims will double you money that you invest in his business in 4 years? Assuming that he is correct, if you initially invest $24,000 in his business, write the equation that would perfect the amount A in your account at the time t in years.

Expert Solution
Step 1

Given - 

Amount= 2*principal

Time=4 years 

Case II -  

Principal= $24000

Amount=?

 

 

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