An investment grows according to the formula B = 8000 x 1.0065t dollars, where t is time, measured in months. In parts (b) and (c), round your answer to (a) What was the initial balance of the investment? $ 8000 (b) How many months does it take for the balance to double? 107 months (c) How many more months does it take for the balance to double again? 214 X months Need Help? Read It

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Part c only
An investment grows according to the formula
B = 8000 x 1.0065 dollars,
where t is time, measured in months. In parts (b) and (c), round your answer to
(a) What was the initial balance of the investment?
$ 8000
(b) How many months does it take for the balance to double?
107
months
(c) How many more months does it take for the balance to double again?
214
X months
Need Help?
Read It
Transcribed Image Text:An investment grows according to the formula B = 8000 x 1.0065 dollars, where t is time, measured in months. In parts (b) and (c), round your answer to (a) What was the initial balance of the investment? $ 8000 (b) How many months does it take for the balance to double? 107 months (c) How many more months does it take for the balance to double again? 214 X months Need Help? Read It
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