SOLUTION: Stella invested $500 in a special savings account. The balance of this special savings account will triple every 5 years. What will be the balance of Stella's investment at the end
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Question 1192988: Stella invested $500 in a special savings account. The balance of this special savings account will triple every 5 years. What will be the balance of Stella's investment at the end of 20 years? Answer by ikleyn(52786) (Show Source):
You can put this solution on YOUR website! .
Stella invested $500 in a special savings account. The balance of this special savings account will triple every 5 years.
What will be the balance of Stella's investment at the end of 20 years?
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20 years is four times 5 years.
Therefore, the account will be tripled 4 times, and will get the value of
= 500*81 = 40500. ANSWER
