A person invest 7900 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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Max Vasileuski asked May 21, 2022

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A person invest 7900 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

Max Vasileuski asked May 21, 2022

by Max Vasileuski

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Answer:

There will be $7,900.

Explanation:

Seeing as it will double every EIGHT years, and 5 is less than eight, the amount will stay the same.

Don Smythe answered May 26, 2022

by Don Smythe

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