2.c is anyone good with exponential and logarithmic?
1 answer:
Answer:
<h2>
After 48 months the value will increase by 10 percent of the initial value.</h2>
Step-by-step explanation:
Let's first find the rate of increase for each period which is 3 months here.
According to the table at month value is dollars and at month value is dollars.
∴
⇒
⇒
⇒%
Now the question is to find how long it will take for the investment value to increase 10 percent.
⇒
⇒
⇒
⇒
∴at the value will slightly cross 10 percent increase.
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