The answer is 4%
1) work out 1%
6500/100 = 65
2)work out how many times 65 goes into 260
260/65= 4
For this case we have a function of the form:
y = A (b) ^ t
Where,
A: initial amount
b: growth rate
t: time
Substituting values we have:
V (t) = 2000 (1.02) ^ t
Answer:
a function that gives the total value V (t) in dollars, of the investment t years from now is:
V (t) = 2000 (1.02) ^ t
Answer:
Square root of 65 units.
Step-by-step explanation:
Length of the other leg = sqrt(9^2 -4^2) (By Pythagoras),
= sqrt(81-16)
= sqrt65