The original value of an investment is $1400, and the value increases by 9%each year. Write am exponential growth function to mo
del this situation. Then find the value of tje investment after 25 years
1 answer:
Let us create a model from the formula P(t) = P_0e^(kt).
P_0 = initial value
k = growth rate per year
t = time in years
Here is the model needed:
P(t) = 1400e^(25)(0.09).
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