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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