23kmclaughlin
Answered

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If investments double every 9 years and you start with a $600 investment, how much money would you have after 27 years? First, complete the equation: Future Amount = 600 (1 + [?]) ↑ ↑ initial amount growth rate Hint: Doubling means a 100% growth rate. time periods Enter​

Sagot :

Answer:

600(1+1)^3 with future amount being 4800

Step-by-step explanation:

shubhamchouhanvrVT

The amount of the money after 27 years will be $4800.

What is the amount?

The quantity of money anyone has is termed as the amount. The solution to the question is given as follows:-

Given that investments double every 9 years and you start with a $600 investment. how much money would you have after 27 years?

We know that the amount is getting double in every 9 years so the number of times the amount will get doubled will be = 27 / 9 = 3

Future amount = 600(1+1)³

Future amount  = 600 ( 2 )³

Future amount = 600 ( 8 ) = $4800

Therefore the amount of the money after 27 years will be $4800.

To know more about the amount follow

https://brainly.com/question/25109150

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