document.write( "Question 618513: interest rate is 9% doubling time is 8 years if you invest $5000.00 what wil it grow to in 24 years?
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document.write( "a.$40,000
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document.write( "b.$15,000
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document.write( "c.$20,000
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document.write( "d.$30,000
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document.write( "do not understand how to fit this into a formula to get the answer please help have several more on this order to complete
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Algebra.Com's Answer #388963 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! interest rate is 9% doubling time is 8 years \n" ); document.write( "-------------------------------------------- \n" ); document.write( "A(t) = Ao*2^(t/8) \n" ); document.write( "---------------------------\r \n" ); document.write( "\n" ); document.write( " if you invest $5000.00 what will it grow to in 24 years? \n" ); document.write( "A(24) = 5000*2^(24/8) \n" ); document.write( "A(24) = 5000*2^3 \n" ); document.write( "A(24) = 5000*8 \n" ); document.write( "A(24) = $40,000 \n" ); document.write( "-------------------------------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "=========================================== \n" ); document.write( "a.$40,000 \n" ); document.write( "b.$15,000 \n" ); document.write( "c.$20,000 \n" ); document.write( "d.$30,000 \n" ); document.write( " \n" ); document.write( " |