A person invested $1,500 in an account growing at a rate allowing the money to
double every 12 years. How much money would be in the account after 15 years, to
the nearest dollar?
I’m going to guess 3751? Because if it doubles every twelve years then it multiplies by .1667 every year so multiply .1667 by 12 doubles the number, so multiplying .1667 by 15 should be 3751 if rounded.
