Shinobi, after getting his rightful share of the treasure, decides to invest it like the smart teenage boy he is. He invests all the money he got, which was $10 000 (CDN), in the towns bank. How many years would it take for Shinobi to get up tp $1 000 000 (CDN), when the interest rate is 10% compounded annually?
Question 4
Exponential Modeling (Compound Interest)
Shinobi, after getting his rightful share of the treasure, decides to invest it like the smart teenage boy he is. He invests all the money he got, which was $10 000 (CDN), in the towns bank. How many years would it take for Shinobi to get up tp $1 000 000 (CDN), when the interest rate is 10% compounded annually?
Shinobi, after getting his rightful share of the treasure, decides to invest it like the smart teenage boy he is. He invests all the money he got, which was $10 000 (CDN), in the towns bank. How many years would it take for Shinobi to get up tp $1 000 000 (CDN), when the interest rate is 10% compounded annually?
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