24 = 8*3, so it will have doubled 3 times
similarly for 32 = 8*4
investment of 2000 doubles every 8 years. how much is the investment worth after 24 years. after 32 years.
2 answers
n = 24/8 = 3
V = 2^n * Vo = 2^3 * 2000 = $16,000.
n = 32/8 = 4
V = 2^n * Vo = 2^4 * 2000 =
V = 2^n * Vo = 2^3 * 2000 = $16,000.
n = 32/8 = 4
V = 2^n * Vo = 2^4 * 2000 =
3 answers