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A person invested $7, 400 in an account growing at a rate allowing the money to double every 6 years. How much money would be in the account after 4 years, to the nearest dollar?
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18 votes
A person invested $7, 400 in an account growing at a rate allowing the money to

double every 6 years. How much money would be in the account after 4 years, to the
nearest dollar?

User Adarsh Konchady
by
4.9k points

1 Answer

4 votes

Answer:

$11747

Explanation:


m=7400x^(t) \\2*7400=7400x^(6)\\x=1.122\\t=4\\m=7400*1.122^(4) =11747

User Harry Adel
by
5.9k points
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