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A person invested $690 in an account growing at a rate allowing the money to double every 7 years. How much money would be in the account after 3 years, to the nearest dollar?
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2 votes
A person invested $690 in an account growing at a rate allowing the money to double

every 7 years. How much money would be in the account after 3 years, to the nearest
dollar?

User Crv
by
6.7k points

1 Answer

2 votes
ANSWER: 296 (rounded to the nearest dollar)


Step-by-step explanation:
690 x 2 = 1380
690 * 7 = 98.5
98.5 x 7 = 689. 5 (690 rounded up)
98.5 x 3 = 295.5
User James Barnett
by
7.0k points
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