(a) Niki invested $7000 in the stock market. The investment was a loser, declining in value 11% per year each year for ten years. How much was the investment worth after 10 years?
(b) After ten years, the stock began to gain value at 11% per year. After how long will the investment regain its initial value of $7000? Give your answer to the nearest tenth.
I need some help on how to go about this problem, i think the right equation is Q=Qoe^(-kt)...some help
mathlete