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jenyasd209 [6]
3 years ago
9

The expression 1000(1.1)^t represents the value of a $1000 investment that earns 10% interest per year, compounded annually for

t years. What is the value of a $1000 investment at the end of 4 years? Do not use a unit label or comma when enter the answer
Mathematics
2 answers:
torisob [31]3 years ago
8 0
After 4 years
the value = 1000 × (1.1)⁴
the value = 1000 × 1.4641
the value = 1464.1
kakasveta [241]3 years ago
4 0

Answer: 1464.1

Step-by-step explanation:

Given : The expression 1000(1.1)^t 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

1000(1.1)^4=1464.1

Therefore, the value of a $1000 investment at the end of 4 years = 1464.1

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Step-by-step explanation:

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