The original value of an investment is $1400, and the value increases by 9%each year. Write am exponential growth function to model this situation. Then find the value of tje investment after 25 years

Question

Mathematics

Anton Hartman

15 May, 11:24

The original value of an investment is $1400, and the value increases by 9%each year. Write am exponential growth function to model this situation. Then find the value of tje investment after 25 years

+4

Answers (1)

Know the Answer?

Jaydan Salazar · Answer 1

Let us create a model from the formula P (t) = P_0e^ (kt).

P_0 = initial value

k = growth rate per year

t = time in years

Here is the model needed:

P (t) = 1400e^ (25) (0.09).