How many years would it take an investment of $11,000 to triple if it's value is given by V = 11,000(3)/¹1

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 29PS: What rate of interest to the nearest hundredth of percent is needed so that an investment of 2500...
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10. How many years would it take an investment of $11,000 to triple if it's value is given by
V = 11,000(3)/11
Page 2
Transcribed Image Text:10. How many years would it take an investment of $11,000 to triple if it's value is given by V = 11,000(3)/11 Page 2
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