Math Problem Statement
A person invested dollar sign, 3, comma, 900$3,900 in an account growing at a rate allowing the money to double every 7 years. How much money would be in the account after 18 years, to the nearest dollar?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Doubling Time
Formulas
A = P × 2^(t/T)
Doubling formula: A = P × 2^(t/T)
Theorems
Exponential Growth Theorem
Suitable Grade Level
Grades 9-12
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