Vanessa invested 2500 into an account that will increase in value by 3.5% each year. Find the value of the investment after 20 years
This is an exponential function. To solve this we will use the equation f(x) = a * (b)^x. Based on the given information we can plug in the values to find f(x). f(x) = (2500)(1+0.035)^20. This equals to 4974.47215866. Due to there being no more than past the hundreths when dealing with money, this further simplifies to 4974.47.
Well, you have to add the hours together, and remember that there is 60 minutes in an hour. You wouls get 5 hours and 35 minutes, or 5:35. You just count backwards from there. Hope this helped!
