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a $10,000 is deposited into an index fund. After I year the account has increased to $12,300. Assume that thered the fund grows at a
a $10,000 is deposited into an index fund. After I year the account has increased to $12,300. Assume that thered the fund grows at a rate proportional to the balance. so After approximately how many years will be the account reach 30,000? write your answer to sdecimal places. b) After how many years will the growth rate as be approximately $5000 per year? write your answer to 2 decimal place
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