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jonny [76]
4 years ago
10

Suppose an investment of $1,700 doubles in value every 10 years. How much is the investment worth after 20 years?

Mathematics
2 answers:
Phoenix [80]4 years ago
6 0
After every ten years you have $3400, after 20 years is $6800

asambeis [7]4 years ago
6 0

Answer: $6,800

Step-by-step explanation:

Given: The investment of $1,700 doubles in value every 10 years.

Here initial value A= 1700,

Multiplicative rate of change b=2

The exponential function for the given problem will be :-

y=Ab^x

\\\Rightarrow y=1700(2)^t, where t is the time period of ever 10 years.

After 20 years (t=2) the amount will be = =1700(2)^2=\$\ 6,800

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