3. Every \(\pounds 1\) of money invested in a savings scheme continuously gains interest at a rate of \(4 \%\) per year. Hence, after \(x\) years, the total value of an initial \(\pounds 1\) investment is \(\pounds y\), where
$$y = 1.04 ^ { x }$$
- Sketch the graph of \(y = 1.04 ^ { x } , x \geq 0\).
- Calculate, to the nearest \(\pounds\), the total value of an initial \(\pounds 800\) investment after 10 years.
- Use logarithms to find the number of years it takes to double the total value of any initial investment.