Asked by Hect01
Please help me, I have to solve these problems:
My great-grandfather invested $ 9.00 in a savings account in 1909. The amount of money in the account double every 9 years.
* How much money would be in the account 99 years later?-------------
* By what percentage does the investment grow in one year?---------
* What year will it be when the value of his investment hits $ 1 million?----
My great-grandfather invested $ 9.00 in a savings account in 1909. The amount of money in the account double every 9 years.
* How much money would be in the account 99 years later?-------------
* By what percentage does the investment grow in one year?---------
* What year will it be when the value of his investment hits $ 1 million?----
Answers
Answered by
Ms. Sue
1909 = 9
1918 = 18
1927 = 36
1936 = 72
1945 = 144
1954 = 288
1963 = 576
Take it from there.
1918 = 18
1927 = 36
1936 = 72
1945 = 144
1954 = 288
1963 = 576
Take it from there.
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