Question

PLEASE ANSWER ASAP ASSIGNMENT IS DUE TODAY I WILL MARK BRAINLIST!!!!!!!!!!!!


3. Write an exponential equation for each coin that will give the coin's value, V, at any time, t. Use the formula:
V(t) = P(1 + r)t, where V(t) is the value of the coin in t years, P is the initial investment, and r is the growth rate.
Coin A worth $25 and increase by 7% each year and coin B worth $40 increase by 5% each year

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Answer 1

9514 1404 393

Answer:

• V(t) = 25(1.07^t)
• V(t) = 40(1.05^t)

Step-by-step explanation:

Put the given numbers into the given formula. It can be simplified a little bit.

Formula:

  V(t) = P(1 + r)^t

Coin A

  P = 25, r = .07

  V(t) = 25(1.07^t)

Coin B

  P = 40, r = 0.05

  V(t) = 40(1.05^t)