Suppose an investment of $6,600 doubles in value every 8 years. how much is the investment worth after 40 years? $66,000 $528,000 $105,600 $211,200

Answer

Find out the  how much is the investment worth after 40 years .

To prove

As given

Suppose an investment of $6,600 doubles in value every 8 years.

Thus

$6600 is the intial investment.

$6600 doubles i.e becomes $13200 in 8 years.

$13200 doubles i.e becomes $26400 in 16 years.

$26400 doubles i.e becomes $52800 in 24 years.

$52800 doubles i.e becomes $105600 in 32 years.

$105600 doubles i.e becomes $211200 in 40 years.

Therefore the is $211200 is  the investment worth after 40 years.