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13 March, 21:12

The function f (t) = 15000 (1.08) ^t models the value of an investment t years from now. What is the meaning of the value of f (10)

A the value of the investment 10 years ago

B the value of the investment in 10 years

C the initial value of the investment

D the interest rate the investment earns

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  1. 13 March, 23:34
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    in the f (t) = 15000 (1.08) ᵗ, which is a form of a compounded interest formula, t = years, so

    f (t) = 15000 (1.08) ¹⁰, is the value of it when t = 10, after 10 years.
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