ii) You invest $10000 in a mutual fund which grows at a certain percent every year. After 8 years your investment is worth $16000. At what annual rate is your investment growing?
ii) You invest $10000 in a mutual fund which grows at a certain percent every year. After 8 years your investment is worth $16000. At what annual rate is your investment growing?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S
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Transcribed Image Text:ii) You invest $10000 in a mutual fund which grows at a certain percent every year. After
8 years your investment is worth $16000. At what annual rate is your investment
growing?
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