Interpreting Instructions: Interpret the function given in the context of the real-world situation described to answer the question. The projected value of an investment is modeled by the exponential function V(t) = 33,000(1.035), where V(t) is the total value after t years. What is the percent increase each year for the investment? % Next page

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter6: Exponential Functions And Sequences
Section6.4: Exponential Growth And Decay
Problem 39E
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Interpreting
Instructions: Interpret the function given in the context of the real-world situation
described to answer the question.
The projected value of an investment is modeled by the exponential function
V(t) = 33,000(1.035), where V(t) is the total value after t years. What is the
percent increase each year for the investment?
%
Next page
Transcribed Image Text:Interpreting Instructions: Interpret the function given in the context of the real-world situation described to answer the question. The projected value of an investment is modeled by the exponential function V(t) = 33,000(1.035), where V(t) is the total value after t years. What is the percent increase each year for the investment? % Next page
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