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According to a study, each additional year of education increases one's income by 17%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.17X. How many additional years of education are required to double your income? That is, find the x that satisfies 1.17* = 2. (Round your answer to one decimal place.)

According to a study, each additional year of education increases one's income by 17%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.17X. How many additional years of education are required to double your income? That is, find the x that satisfies 1.17* = 2. (Round your answer to one decimal place.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
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According to a study, each additional year of education increases one's income by 17%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.17X. How many additional years of education are required to double your income? That is, find the x that satisfies 1.17* = 2. (Round your answer to one decimal place.)
Transcribed Image Text:According to a study, each additional year of education increases one's income by 17%. Therefore, with x extra years of education, your income will be multiplied by a factor of 1.17X. How many additional years of education are required to double your income? That is, find the x that satisfies 1.17* = 2. (Round your answer to one decimal place.)
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