Answer:
or
Step-by-step explanation:
To write this equation you would need to use this equation for growth.
Final amount=initial amount (1+growth rate)^time
We have the final amount, 15,000, the initial amount, 5,000, and the time, 4 years. Now we have to plug in the values. We can write the growth rate as x.
Now start by dividing both sides by 5000.
Now you can find the fourth root of both sides to get rid of the exponent.
Finally, subtract 1 from both sides.
And, if allowed, you can use a calculator to find the value in decimal form which would be: