Money that is collecting interest in a bank account doubles in value every 10 years. When the account was opened, it had 16, or

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2 years ago

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Money that is collecting interest in a bank account doubles in value every 10 years. When the account was opened, it had 16, or

2* dollars in it. After 50 years, the account balance has doubled 5 times, increasing by a factor of 2 It now has a balance of 2*.25. Expressed as a power, how much money, in dollars, is in the account after 50 years? 1

Mathematics

1 answer:

Mrac [35] · Answer 1 · 2023-11-28T12:20:03+03:00

The amount in dollars that is in the account after 50 years expressed in power is; 2⁹

<h3>How to apply the rule of exponents?</h3>

We are told that the money doubles in value after every 10 years.

When the account was opened it had 2⁴ dollars in it and after 50 years it has doubled 5 times. The doubling increased by a factor of 2⁵ and is now has a balance of 2⁴ × 2⁵.

Using the rule of exponents, we have;

2⁴ × 2⁵ = 2⁹

Read more about Rule of Exponents at; brainly.com/question/11761858

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