Ask Question
27 December, 04:59

Ian invested $2500 in an investment vehical that would guarantee to earn 4% intrest yearly. the function for this is A (t) = 2500 (1.04). now using tables on your calculator, determine, to the nearest whole year, the value of t that solves the equation A (t) = 5000. justify your answer with numerical evidence.

+3
Answers (1)
  1. 27 December, 08:37
    0
    A (t) = 2500 * (1.04) ^t

    A (t) = 5000

    5000 = 2500 * (1.04) ^t

    (1.04) ^t = 5000 : 2500

    (1.04) ^t = 2

    t = 17.68 ≈ 18

    The value of t is 18 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ian invested $2500 in an investment vehical that would guarantee to earn 4% intrest yearly. the function for this is A (t) = 2500 (1.04). ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers