downundergirl downundergirl

31-05-2017
Mathematics

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If $7500 is invested at an interest rate of 5% each year, what is the value of the investment in 4 years? Write an exponential function and solve.

If 7500 is invested at an interest rate of 5 each year what is the value of the investment in 4 years Write an exponential function and solve class=

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Aliwohaish12 Aliwohaish12

31-05-2017

Y=7,500×(1+0.05)^(4)
Y=9,116.30

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