Experimental growth and decay

Question

Investments historically have doubled every 9 years. If you start with a $2,000 investment, how much money would you have after 45 years?
doubled every 9 yrs.
If you start with a 2,000 investment
How much in 45 years?

Answer 1

In 9 years, you'll have 2000(2). In 18 years, you'll have 2000(2)(2) = 2000(2²).

 

45/9 = 5

 

2000(2⁵) = your answer