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26-05-2021
Mathematics

contestada

An investment of $8500 increases in value by 4.5% every year. How long until the investment
reaches about $17,323. Round to the nearest whole year

Respuesta :

gabrielchouman9 gabrielchouman9

26-05-2021

Answer:

17 years

Step-by-step explanation:

We can use a known formula (n being the number of years)

n = log(17323/8500) / log (1+ 0.045) = 16.17

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