Brianna invests $2200 in a mutual fund that averages 3.9% growth per year. The amount of money in the fund can is given by A=2200(1.039)xA=2200(1.039)x, where xx is time in years. How long will take for Brianna's money to double? Round to the nearest tenth of a year.
Brianna invests $2200 in a mutual fund that averages 3.9% growth per year. The amount of money in the fund can is given by A=2200(1.039)xA=2200(1.039)x, where xx is time in years. How long will take for Brianna's money to double? Round to the nearest tenth of a year.
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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Brianna invests $2200 in a mutual fund that averages 3.9% growth per year. The amount of money in the fund can is given by A=2200(1.039)xA=2200(1.039)x, where xx is time in years. How long will take for Brianna's money to double?
Round to the nearest tenth of a year.
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