The expression 1000(1.1)^t represents the value of a $1000 investment that earns 10% interest per year, compounded annually for
2 answers:
Answer: 1464.1
Step-by-step explanation:
Given : The expression represents the value of a $1000 investment that earns 10% interest per year, compounded annually for t years.
To find the value of a $1000 investment at the end of 4 years, we substityte x = 4 in the given expression , then
Therefore, the value of a $1000 investment at the end of 4 years = 1464.1
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Given:
The function is:
To find:
The inverse of the given function, then draw the graphs of function and its inverse.
Solution:
We have,
Step 1: Substitute .
Step 2: Interchange x and y.
Step 3: Isolate variable y.
Step 4: Substitute .
Therefore, the inverse of the given function is and the graphs of these functions are shown below.
