Question

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 worth $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)

Answer 1

$1,073,741,824

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....