Compound Interest 1: Money left in a savings account grows exponentially with time
Chapter 7, Problem 28(choose chapter or problem)
Compound Interest 1: Money left in a savings account grows exponentially with time. Suppose that you invest $1000 and find that a year later you have $1100. a. How much will you have after 2 years? 3 years? 4 years? b. In how many years will your investment double?
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