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?
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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