Current Attempt in ProgressYour answer is partially correct.The function describes the value in dollars of an investment in year t. What does the function tell you about the investment?V=500(1.043)Enter the exact answers. Enter only positive values in the answer areas.The initial value of the investment is $%per year.eTextbook and MediaHintTSave for LaterSearchand ithpgrowsS✓byAttempts: 1 of 3 usedBEmyhpSubmit Answer

The given expression of the investment .The aim is to find the initial investment and the growth…

Answered: The function describes the value in…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter2: Functions And Graphs

Section2.3: Linear Functions And Slope

Problem 105E

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Similar questions

The average percent defective product of a manufacturing plant is 1.20%. On a particular day 50 pieces were rejected out of a total daily production of 2730 pieces. What is the percent increase of defective pieces for the day above the average percent defective? Round the answer to 2 decimal places.
a. If each percent grade earned in a course translates to one letter grade, is the letter grade a function of the percent grade? b.If so, is the function one-to-one?
During what time period would the broker advise buying if he thought 500 to 800 was an appropriate buy range? Example 2.10 Beginning in 2001, the price of gold was modeled approximately by G(t)=2551.18t dollars per ounce, where t is the time in years since the beginning of 2001.
Andy buys a new car for $23,540. He estimates that the car will decrease in value by about 5% each year. Which of the following functions best models this situation?
An antique table increases in value according to the function v(x)=550(1.05)x dollars, where x is the number of years after1980 . a. How much was the table worth in 1980 ? b. If the pattern indicated by the function remains valid, what was the value of the table in 1995 ? c. Use a table or a graph to estimate the year when this table will reach double its 1980 value.
Our ACM class decides to go bowling ☺ The cost for the group is $15 for shoe rentals and $5 per game.a. What is the initial value? b. What is the rate of change (with units)? c. Write an equation relating the total cost, ?, of the outing to the number of games bowled, ?. d. What is the independent variable? e. What is the dependent variable? f. Graph the function. g. Use the graph to determine how many games the group could bowl for $30.
Two companies report a 15% gain in online sales over the last year. Suppose Company Q had 25 online sales and Company Z had 150 online sales last year. Sam says that they have the same growth while Anna says that they do not. Who is correct? Justify your answer using absolute change and percent change.
Belinda wants to invest $1000. The table below shows the value of her Investment under two different options for three different years:Number of years23Option 1 (amount in dollars) 1100 1200 1300Option 2 (amount in dollars) 1100 1210 1331Part A: What type of function, linear or exponential, can be used to describe the value of the investment after a fixed number of years using option 1 and option 2? Explain youranswer. Part B: Write one function for each option to describe the value of the investment f(n), in dollars, after n years. Part C: Belinda wants to invest in an option that would help to increase her investment value by the greatest amount in 20 years. Will there be any significant difference in thevalue of Belinda's investment after 20 years if she uses option 2 over option 1? Explain your answer, and show the investment value after 20 years for each option.
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The function describes the value in dollars of an investment in year t. What does the function tell you about the investment? V = 500(1.043)' Enter the exact answers. Enter only positive values in the answer areas. The initial value of the investment is $ % ✓per year. , and it grows by i 4