math

investment of 2000 doubles every 8 years. how much is the investment worth after 24 years. after 32 years.

  1. 👍 0
  2. 👎 0
  3. 👁 48
  1. 24 = 8*3, so it will have doubled 3 times
    similarly for 32 = 8*4

    1. 👍 0
    2. 👎 0
    posted by oobleck
  2. n = 24/8 = 3
    V = 2^n * Vo = 2^3 * 2000 = $16,000.

    n = 32/8 = 4
    V = 2^n * Vo = 2^4 * 2000 =

    1. 👍 0
    2. 👎 0
    posted by henry2,

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math--Exponential Functions

    Suppose an investment of $500 doubles in value every 15 years. How much is the investment worth after 30 years? After 45 years? please help!!! i don't even understand how to approach this problem! =(

    asked by Kate on February 28, 2010
  2. Math (2 of 4 question)

    8. Suppose an investment of $5,000 doubles every 12 years. How much is the investment worth after 36 years? After 48 years? Write and solve an exponential equation.

    asked by Name on March 14, 2018
  3. Math Final *Updated* Since no one knew what it was

    8. Suppose an investment of $5,000 doubles every 12 years. How much is the investment worth after 36 years? After 48 years? Write and solve an exponential equation

    asked by Name on March 14, 2018
  4. Algebra

    An investment grows according to the exponential equation y = 15,000 · 1.07x, where x is the number of years invested. Which of the following statements is true? A. The investment will continue to grow at a rate of 7% per year

    asked by David B. on May 1, 2016
  5. Algebra

    An initial investment of $3 is worth $147 after 5 years. If the annual growth reflects a geometric sequence, approximately how much will the investment be worth after 11 years? Select one: a. 50421 b. 19057 c. 327 d. 363

    asked by Anonymous on February 21, 2019
  1. Algebra 1

    An investment grows according to the exponential equation y = 15,000 · 1.07x, where x is the number of years invested. Which of the following statements is true? A. The investment will continue to grow at a rate of 7% per year

    asked by Kaashif on May 1, 2016
  2. Trigonometry

    The value V, of a $100,000 investment that earns 3% annual interest is given by V=f(t) where t is in years. How much is the investment worth in 3 years

    asked by Karen on January 15, 2013
  3. math

    How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 4.75% per year, compounded monthly for 10 years, if you wish it to be worth $20,000

    asked by jjiiddss 0-0 on May 4, 2016
  4. Math

    So I figured out how to do the first 6, how do I do the remaining? 7. Evaluate the function below over the domain {-1, 0, 1, 2}. As the values of the domain increase, do the values of the function increase or decrease? y = (3/4)ˣ

    asked by Name on March 14, 2018
  5. Math *Updated*

    So I figured out how to do the first 6, how do I do the remaining? 7. Evaluate the function below over the domain {-1, 0, 1, 2}. As the values of the domain increase, do the values of the function increase or decrease? y = (3/4)ˣ

    asked by Name on March 14, 2018
  6. Finance

    If an investment of $5,000 today earns 5% in each of the next five years, and then earns 7% per year for five years after that, how much will the investment be worth at the end of the ten years?

    asked by help w/ business on February 1, 2011

More Similar Questions