asked 162k views
5 votes
Suppose an investment of $1,800 doubles in value every 7 years. How much is the investment worth after 42 years?

asked
User Finuka
by
8.4k points

1 Answer

3 votes
Our original value is $1,800. Every 7 years that value doubles, so at 7 years, our value would be $3,600. At 14 years, the value would be $7,200. At 21 years, the value would be $14,400. At 28 years, the value would be $28,800. At 35 years, the value would be $57,600. At 42 years, the value will be $115,200. I hope this helps!
answered
User Ram Iyer
by
7.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.