Example 2: Justin has $1000 in savings to invest, and he wants $1200 to use to buy a new laptop in a few years. If he earns 4.3% per year, compounded annually, the equation that describes Justin's investment is 1200 = 1000(1.043)", where n is the number of years for which the money is invested. Solve the equation for n to determine how long it will take before he can buy the laptop. Round your answer to one decimal place. Estimate n n Analysis Saving
Example 2: Justin has $1000 in savings to invest, and he wants $1200 to use to buy a new laptop in a few years. If he earns 4.3% per year, compounded annually, the equation that describes Justin's investment is 1200 = 1000(1.043)", where n is the number of years for which the money is invested. Solve the equation for n to determine how long it will take before he can buy the laptop. Round your answer to one decimal place. Estimate n n Analysis Saving
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 31HP
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