SOLUTION: supose an investment of 4,500 doubles in value every ten years how much is the investment worth after 50 years?

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: supose an investment of 4,500 doubles in value every ten years how much is the investment worth after 50 years?      Log On

Hi

A= p(1+r/n) ^nt 

A/p = 2 = (1+r) ^10

      1.0718 = (1+r)

       .0718 = r

A = $4500(1.0718)^50

A = $144,178.38