An Investment Increases by 10% Every Year

question 221

Essay

An investment increases by 10% every year.Write a function for the factor of increase in the investment as a function of years.Use a graphing calculator to graph your function.Use the graph to estimate when the investment will double.

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Definitions:

Unanimity

A condition in decision-making where all members of a group fully agree on a specific decision or outcome.

Independence of Irrelevant Alternatives

A decision-making principle asserting that the relative preference between two options should not be affected by the introduction of a third irrelevant option.

Borda Count Election

A voting method that involves ranking candidates in order of preference, with points assigned based on position in the ranking, to determine the winner.

First Choice

The primary option or preference selected from a range of alternatives.