An initial investment of $10,000 grows at 11% per year. What function rep R) - 10,000(1.11)' A) - 10,000(1.1)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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2)
An initial investment of $10,000 grows at 11% per year. What function represents the value of the investment after t years?
R) - 10,000(1.11)
R) - 10,000(1.11)
- 10,000(11)'
A) – 10,000(0.11)'
a.
c.
b.
d.
Transcribed Image Text:2) An initial investment of $10,000 grows at 11% per year. What function represents the value of the investment after t years? R) - 10,000(1.11) R) - 10,000(1.11) - 10,000(11)' A) – 10,000(0.11)' a. c. b. d.
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