An investment of $1 is put in an account. Every 8 years, the money doubles. No additional money was added to the account. Would the expression 1222222 correctly represent how much was in the investment account after 48 years?

The amount of money is doubled after 8 years. 48 years is equivalent to 6 periods of 8 years so the investment doubled its value a total of 6 times. That's why you have to multiply 6 times by 2, and the total amount in the investment account after 48 years would be then [tex] 1 * 2 * 2 * 2 * 2 * 2 * 2 = 2^6 [/tex] , as you correctly assume.

Answer Link

An investment of $1 is put in an account. Every 8 years, the money doubles. No additional money was added to the account. Would the expression 1*2*2*2*2*2*2 correctly represent how much was in the investment account after 48 years?

Respuesta :

Otras preguntas

An investment of $1 is put in an account. Every 8 years, the money doubles. No additional money was added to the account. Would the expression 1222222 correctly represent how much was in the investment account after 48 years?