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OpenStudy (anonymous):
An initial investment of $10,000 grows at 11% per year.What function represents the value of the investment after t years?
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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
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OpenStudy (tkhunny):
What pattern are you seeing? How can you exploit this pattern to calculate an arbitrary year, year "t"?
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