A deposit of P0 into a bank account has a doubling timeof 50 years. No other deposits or
Chapter 1, Problem 38(choose chapter or problem)
A deposit of P0 into a bank account has a doubling timeof 50 years. No other deposits or withdrawals are made.(a) How much money is in the bank account after 50years? 100 years? 150 years? (Your answer will involveP0.)(b) How many times does the amount of money doublein t years? Use this to write a formula for P, theamount of money in the account after t years.
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