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netineya [11]
2 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.
Mathematics
2 answers:
Irina-Kira [14]2 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]2 years ago
5 0
Assuming it's compounded interest:

5000* 1.04 ^5
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