1) In the year 2010, Shaniya invested $1 in the stock market. In the year 2022, her $1 was worth $2. In the year 2034, it was wo
rth $4. In the year 2046, it was worth $8. How much will Shaniya's investment be worth in the year 2370?
(Due tomorrow at 1)
1 answer:
Answer:
$1,073,741,824
Step-by-step explanation:
Every 12 years, the price increases by double. So, first we would need to find the difference of years between 2370 and 2046.
2370-2046=324
Divide this number by 12 to see how many times the number is doubled.
324/12=27
Continue this pattern of "every 12 years, the price increases by 2x" 27 times.
Ex: 2058-->$16
Ex: 2070-->$32
Ex: 2082-->$64
etc....
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