Question
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
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
Answers
oobleck
3r^5/3 = r^5 = 147/3
so, 3r^11 = 3 (147/3)^(11/5) = ?
I suspect a typo
so, 3r^11 = 3 (147/3)^(11/5) = ?
I suspect a typo