SOLUTION: Michael makes an investment of $100 that he knows will triple in value in 12 years. Determine the value of his investment after 30 years.

Algebra ->  Quadratic Equations and Parabolas  -> Quadratic Equations Lessons  -> Quadratic Equation Lesson -> SOLUTION: Michael makes an investment of $100 that he knows will triple in value in 12 years. Determine the value of his investment after 30 years.      Log On


   

Question 128063: Michael makes an investment of $100 that he knows will triple in value in 12 years. Determine the value of his investment after 30 years.
Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
100*12x=300
1200x=300
1200x/1200=300/1200
x=1/4=.25
100*30*.25=$750. value of his investment after 30 years
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Ed