US IS Connally, Functions Modeling Change, 6e Help | System Announcements PRINTER VERSION 1 BACK NEXT ES Chapter 5, Section 5.2, Question 057 XIncorrect. This problem involves the Rule of 70, which gives quick estimates of the doubling time of an exponentially growing quantity. If r% is the annual growth rate of the quantity, then the Rule of 70 says 70 Doubling time in years> Use the Rule of 70 to estimate how long it takes a $9000 investment to double if it grows at the annual rate 1%. Compare with the actual doubling time. Round your answer for the actual doubling time to three decimal places. 300 The doubling time estimated with the rule of 70 is years. 299.573 The actual doubling time is years. the absolute tolerance is +/-0.001 Click if you would like to Show Work for this question: Open Show Work =asnmt2589469%#N100C5 Ouestion Assistance, vou will learn while vou earn points based on the Point Potential Policy set by vour instructor. 1. PAGES 3D

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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IS Connally, Functions Modeling Change, 6e
Help | System Announcements
PRINTER VERSION
1 BACK
NEXT
ES
Chapter 5, Section 5.2, Question 057
XIncorrect.
This problem involves the Rule of 70, which gives quick estimates of the doubling time of an exponentially growing quantity. If r% is the annual
growth rate of the quantity, then the Rule of 70 says
70
Doubling time in years>
Use the Rule of 70 to estimate how long it takes a $9000 investment to double if it grows at the annual rate 1%. Compare with the actual doubling
time.
Round your answer for the actual doubling time to three decimal places.
300
The doubling time estimated with the rule of 70 is
years.
299.573
The actual doubling time is
years.
the absolute tolerance is +/-0.001
Click if you would like to Show Work for this question: Open Show Work
=asnmt2589469%#N100C5 Ouestion Assistance, vou will learn while vou earn points based on the Point Potential Policy set by vour instructor.
1.
PAGES
3D
Transcribed Image Text:US IS Connally, Functions Modeling Change, 6e Help | System Announcements PRINTER VERSION 1 BACK NEXT ES Chapter 5, Section 5.2, Question 057 XIncorrect. This problem involves the Rule of 70, which gives quick estimates of the doubling time of an exponentially growing quantity. If r% is the annual growth rate of the quantity, then the Rule of 70 says 70 Doubling time in years> Use the Rule of 70 to estimate how long it takes a $9000 investment to double if it grows at the annual rate 1%. Compare with the actual doubling time. Round your answer for the actual doubling time to three decimal places. 300 The doubling time estimated with the rule of 70 is years. 299.573 The actual doubling time is years. the absolute tolerance is +/-0.001 Click if you would like to Show Work for this question: Open Show Work =asnmt2589469%#N100C5 Ouestion Assistance, vou will learn while vou earn points based on the Point Potential Policy set by vour instructor. 1. PAGES 3D
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