Suppose Shunreca Garner invested $8000 in stocks and the investment grew exponentially to $10000 in four years.               The growth function is given as:  f (t) = Y0bt   Where:               Y0 = initial amount invested              b = growth rate, and              t = time in years     How much will the investment grow to in 15 years?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 15T
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Suppose Shunreca Garner invested $8000 in stocks and the investment grew exponentially to $10000 in four years.

 

            The growth function is given as:  f (t) = Y0bt

 

Where:

 

            Y0 = initial amount invested

             b = growth rate, and

             t = time in years

 

 

How much will the investment grow to in 15 years?

 

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