The amount of money in an investment is modeled by the function A(t) = 500(1.0605)'. The variable A represents the investment balance in dollars, and t the number of years. What is the doubling time for the investment? Round answer to 1 decimal place. Answer = years Calculator

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
Question
Please help im confused
The amount of money in an investment is modeled by the function A(t) = 500(1.0605)'. The
variable A represents the investment balance in dollars, and t the number of years.
What is the doubling time for the investment? Round answer to 1 decimal place.
Answer =
years
Calculator
Transcribed Image Text:The amount of money in an investment is modeled by the function A(t) = 500(1.0605)'. The variable A represents the investment balance in dollars, and t the number of years. What is the doubling time for the investment? Round answer to 1 decimal place. Answer = years Calculator
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