A person invests $2000 in an account at 2% interest compounded annually. The value V (in dollars) of the account after t years is described by V = 2000(1.02)'. Find the value of the account after 11 years. The value of the account after 11 years is $ (Type an integer or decimal rounded to the nearest hundredth as needed.)

A person invests $2000 in an account at 2% interest compounded annually. The value V (in dollars) of the account after t years is described by V = 2000(1.02)'. Find the value of the account after 11 years. The value of the account after 11 years is $ (Type an integer or decimal rounded to the nearest hundredth as needed.)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.3: The Natural Exponential Function

Problem 9E

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