A person invested $7,900 in an account growing at a rate allowing the money to double every 8 years. How much money would be in the account after 5 years, to the nearest dollar?

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Kishan Gujarati asked Jan 23, 2022

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A person invested

$7,900 in an account growing at a rate allowing the money to double every 8 years. How much money would be in the account after 5 years, to the nearest dollar?

Mathematics
high-school

Kishan Gujarati asked Jan 23, 2022

by Kishan Gujarati

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18 votes

Answer:

12183

Explanation:

Prilaga answered Jan 28, 2022

by Prilaga

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