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elixir [45]
3 years ago
5

ian invested $2500 in an investment vehical that would guarantee to earn 4% intrest yearly. the function for this is A(t)=2500(1

.04). now using tables on your calculator, determine, to the nearest whole year, the value of t that solves the equation A(t)=5000. justify your answer with numerical evidence.
Mathematics
1 answer:
BartSMP [9]3 years ago
7 0
A ( t ) = 2500 * (1.04) ^t
A ( t ) = 5000
5000 = 2500 * (1.04)^t
( 1.04 ) ^t = 5000 : 2500
(1.04)^t = 2
t = 17.68 ≈ 18
The value of t is 18 years.

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Answer:

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3 years ago
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