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advanced-mathAn investment doubles every 9 years. If you invest $3,000, what will it be worth after 27 years?
A
$24,000
B
$12,000
C
$6,000
D
$9,000
Correct Answer: A
Choice A is the correct answer. Apply the doubling pattern.
- Doubling periods: periods.
- After each doubling: Multiply by 2.
- After 3 doublings: .
- Formula: .
💡 Strategic Tip: 3 doublings = multiply by .
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.