Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Compound Interest
Logarithms

Formulas

Compound Interest Formula: A = P(1 + r/100)^t
Doubling Time Formula: 2 = (1 + r/100)^t
Logarithmic Formula: t = ln(2) / ln(1 + r/100)

Theorems

Logarithm Properties

Suitable Grade Level

Grades 10-12