Question
A sum of $ 5000 is invested at a compound interest rate of 6.3 % per annum. (a)Write down an expression for the value of
A sum of $ 5000 is invested at a compound interest rate of 6.3 % per annum.
(a)Write down an expression for the value of the investment after n full years.
(b)What will be the value of the investment at the end of five years?
(c)The value of the investment will exceed $ 10 000 after n full years.
(i)Write down an inequality to represent this information.
(ii)Calculate the minimum value of n.
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Transportation A Global Supply Chain Perspective
Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard
8th edition
9781305445352, 1133592961, 130544535X, 978-1133592969
