Question: You invest 1000 in an account having interest such that

You invest $1000 in an account having interest such that your principal doubles every 10 years.
a. How much money would you have after 50 years?
b. If you were still alive in 100 years, show that you’d be a millionaire.
c. Give the equation that relates y = principal to x = number of decades for which your money has been invested.

View Solution:


Sale on SolutionInn
Sales0
Views28
Comments
  • CreatedSeptember 11, 2015
  • Files Included
Post your question
5000