Ren sets aside $1,000 into an online savings account with an annual interest rate of 2.3%, compounded annually. How long will it take for the

money in his account to double?

It will take 30.48 for the money in his account to double.

Step-by-step explanation:

Interest compounded anually:

With an investment of P, the amount compounded annualy after t years that you will have is given by:

In which r is the interest rate, as a decimal.

Ren sets aside $1,000 into an online savings account with an annual interest rate of 2.3%

This means that . So

How long will it take for the money in his account to double?

This is t for which A(t) = 1000*2 = 2000. So

It will take 30.48 for the money in his account to double.

step-by-step explanation:

from the graph attached below:

domain of graph is the value of x for which the given function profit function p(x) is defined.

(a) the domain represents the number of years for which the outlet will earn a profit.

range of profit function defines the lowest to highest value of profit earned.

(b) the range of this function is (0 , 160 ). for this function, the range represents the outlet's profit earned.