6.70-10.00=3.30
So you get $3.30 as change
=24/20 thus the answer is 1.2
The situations can be represented by the exponential function f(x)=60x1.15^x
After 7.86 years the value of the investment will be three times the initial value (If you round to the nearest dollar)
After 8 years the value of the investment will be $184.00 (If you round to the nearest dollar)
