Assume an Investment Is Guaranteed to Triple Every Decade

question 241

Essay

Assume an investment is guaranteed to triple every decade.
(a)Make a table of the factor of increase in the investment at each decade for 0 to 3 decades.For each decade,write an expression for the factor of increase as a power of some base.
(b)What base did you use? How does that base relate to the problem?
(c)Use your table to graph the factor of increase as a function of decades.
(d)Use your graph to estimate when the investment will have grown by a factor of 15.

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