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8 September, 18:16

John recently purchased $4,897.00 worth of a stock that is expected to grow in value by 9% each year for the next ten years. Assuming this growth forecast holds, which function will show the value of John's stock in t years?

A.

A (t) = $4,897 (1.11) t

B.

A (t) = $4,897 (1.09) t

C.

A (t) = 1.09 ($4,897) t

D.

A (t) = $4,897 (1.09) (t)

+2
Answers (2)
  1. 8 September, 19:24
    0
    B

    This is true because the value increases from the initial value.

    So it is 109%

    So you multiply by 1.09
  2. 8 September, 20:03
    0
    Step-by-step explanation:

    B
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Home » Mathematics » John recently purchased $4,897.00 worth of a stock that is expected to grow in value by 9% each year for the next ten years. Assuming this growth forecast holds, which function will show the value of John's stock in t years? A. A (t) = $4,897 (1.
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