A person invested $3, 700 in an account growing at a rate allowing the money to double every 14 years. How long, to the nearest tenth of a year would it take for the value of the account to reach $5, 300?
A person invested $3, 700 in an account growing at a rate allowing the money to double every 14 years. How long, to the nearest tenth of a year would it take for the value of the account to reach $5, 300?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter2: Solving Linear Equations And Inequalities
Section: Chapter Questions
Problem 630RE: Describe how you have used two topics from this chapter in your life outside of your math class...
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![A person invested $3,700 in an account growing at a rate allowing the money to double every 14 years. How long, to the nearest tenth of a year, would it take for the value of the account to reach $5,300?
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Transcribed Image Text:A person invested $3,700 in an account growing at a rate allowing the money to double every 14 years. How long, to the nearest tenth of a year, would it take for the value of the account to reach $5,300?
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