Question

The doubling time of a bank account balance is 8 years. by what factor does it grow in 16 ​years? in 32 ​years?

Answer 1

The bank account balance grows by a factor of 2 in 16 years and by a factor of 4 in 32 years.

Step-by-step explanation:

The doubling time of a bank account balance is 8 years. To find the factor by which it grows in 16 years, we divide 16 by 8. Therefore, the factor is 2 times.

To find the factor by which it grows in 32 years, we divide 32 by 8. Therefore, the factor is 4 times.