The amount of money invested in a certain account increases according to the following function, wherey 0
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Question:
The amount of money invested in a certain account increases according to the following function, wherey0is the initial amount of the investment, andyis the amount present at timet(in years).
Y = y0e0.0325t
After how many years will the initial investment be doubled? Do not round any intermediate computations, and round your answer to the nearest tenth.
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