Solve the Problem. -Use Your Graphing Calculator to Find How Long It Will

question 241

Multiple Choice

Solve the problem.
-Use your graphing calculator to find how long it will take for $8000 invested at 4.8% per year compounded daily to triple in value. Find the answer to the nearest year. Use 365 days for a year.

• A) 0 yr
• B) 23 yr
• C) 3,049,422 yr
• D) 30,692 yr

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Definitions:

Confidence

The feeling or belief that one can rely on someone or something; firm trust.

Control

The ability to steer or command the conduct of persons or the progression of happenings.

Bystanders

Individuals who are present at an event or incident but do not take part.

Observers

Observers are individuals or entities who watch or monitor events, behaviors, or processes, often for the purpose of recording data, understanding dynamics, or ensuring compliance.