The value, $V, of an investment after t years is given by the formula V = Ae0.03t
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The value, $V, of an investment after t years is given by the formula V = Ae0.03t , where $A is the initial investment.
a. How much, to the nearest dollar, will an investment of $4000 be worth after 3 years?
b. To the nearest year, how long will I need to keep an investment for it to double in value?
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Related Book For
Cambridge IGCSE And O Level Additional Mathematics
ISBN: 9781510421646
1st Edition
Authors: Val Hanrahan, Jeanette Powell
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