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3 years ago

9

if $5,000 is invested at an interest rate of 4% each year what is the value of the investment in 5 years? write an exponential f

unction and solve.

2 answers:

Irina-Kira [14]3 years ago

8 0

It would be 5000 times .04, and then I'm pretty sure that you would then multiply that by five. Hope this helped!

____ [38]3 years ago

5 0

Assuming it's compounded interest:

5000* 1.04 ^5

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