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Mathematics 18 Online
OpenStudy (anonymous):

An initial investment of $10,000 grows at 11% per year.What function represents the value of the investment after t years?

OpenStudy (anonymous):

@jim_thompson5910

OpenStudy (anonymous):

Could you help me with this please?

OpenStudy (tkhunny):

One Year: 10000*1.11 Two Years: 10000*1.11*1.11 = 10000*1.11^2 Three Years: 10000*1.11^3 Four Years: 10000*1.11^4 Are you seeing a pattern?

OpenStudy (anonymous):

Yeah I am

OpenStudy (anonymous):

@wio Could you help me ? please

OpenStudy (tkhunny):

What pattern are you seeing? How can you exploit this pattern to calculate an arbitrary year, year "t"?

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