ALGEBRA 2 - Exponential and Logarithmic Functions
Simone’s parents invested $1,500 in an account such that the value of the investment doubles every seven years. The value of the investment, V, is determined by the equation LaTeX: V= p · t^r/7, where p represents the amount invested and t represents the number of years since the money was deposited. How many years, to the nearest tenth of a year, will it take the value of the investment to reach $1,000,000?