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The sum of this problem is 10,030
This is where the question tricks you, you have to make it even for us to find out the integer. So that 199 would turn into a 200.
And the integer between 1 and "200" would simply be 99.
this is the way to solve it
Answer:
$13,304
Step-by-step explanation:
-We use the compound interest function to determine the rate of growth.
-Given that the amount doubles in 13 years, the annual growth rate is calculated as:
We now substitute this value of i in the compound interest formula equation to solve for future value:
Hence, the future value to the nearest dollar is $13,304
*You can alternatively use the exponential growth function:
This is slightly off by just $1