An investment grows according to the formula B = 8000 x 1.0065' dollars, where t is time, measured in months. In parts (b) and (c), round your answer to the nearest whole month. (a) What was the...


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An investment grows according to the formula<br>B = 8000 x 1.0065' dollars,<br>where t is time, measured in months. In parts (b) and (c), round your answer to the nearest whole month.<br>(a) What was the initial balance of the investment?<br>(b) How many months does it take for the balance to double?<br>months<br>(c) How many more months does it take for the balance to double again?<br>months<br>

Extracted text: An investment grows according to the formula B = 8000 x 1.0065' dollars, where t is time, measured in months. In parts (b) and (c), round your answer to the nearest whole month. (a) What was the initial balance of the investment? (b) How many months does it take for the balance to double? months (c) How many more months does it take for the balance to double again? months

Jun 04, 2022
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