Question

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

Answer 1

@jim_thompson5910

Answer 2

Could you help me with this please?

Answer 3

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?

Answer 4

Yeah I am

Answer 5

@wio Could you help me ? please

Answer 6

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