The value of an investment is increasing exponentially. In year one the investment was 1500 and this had grown to £18 119 by year 4 assuming the value of the investment continues to increase at the same rate, what is the value likely to be in year 9?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 1SE: Explain why the values of an increasing exponentialfunction will eventually overtake the valuesof...
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The value of an investment is increasing exponentially. In year one the investment was 1500 and this had grown to £18 119 by year 4 assuming the value of the investment continues to increase at the same rate, what is the value likely to be in year 9?

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