3

Set 7: Exponential Functions

Explanation

Answer: A

An investment doubles every 9 years. If you invest $3,000, what will it be worth after 27 years?

A.

$24,000

✓ Correct
B.

$12,000

C.

$6,000

D.

$9,000

Detailed Explanation

Choice A is correct. Choice A is the correct answer. Apply the doubling pattern. 1. Doubling periods: 279=3\frac{27}{9} = 3 periods. 2. After each doubling: Multiply by 2. 3. After 3 doublings: 3000×23=3000×8=24,0003000\times 2^3 = 3000 \times 8 = 24,000. 4. Formula: A(t)=3000(2)t/9A(t) = 3000(2)^{t/9}. Strategic Tip: 3 doublings = multiply by 23=82^3 = 8. Choice B is incorrect because this is after 2 doublings (18 years). Choice C is incorrect because this is after only 1 doubling (9 years). Choice D is incorrect because this is the wrong calculation.

Key Steps:

The correct answer is $24,000

Why others are wrong:
B: Choice B is incorrect and may result from a calculation error.
C: Choice C is incorrect and may result from a calculation error.
D: Choice D is incorrect and may result from a calculation error.

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