danielcole772 danielcole772

29-08-2017
Mathematics

contestada

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.

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Katrests Katrests

29-08-2017

The answer is 9,116.3
7500*(1+0.05)^4

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