YOU HAVE SAVED $5000 AND INVESTED IT AT A RATE 3.2% FOR 5 YEARS. WRITE AN EXPONENTIAL FUNCTION TO REPRESENT THIS SITUATION. HOW MUCH WILL VOU KAVE AFTER YEARS? HOW MUCH WILL A BILLIONAIRE HAVE IF HE INVESTS $1,000,000,000 AT THE SAME RATE FOR THE SAME AMOUNT OF TIME?
1 answer:
Answer:
5852.86 = 5000 (1+ .032)^5
1170572956 = 1,000,000,000(1+ .032)^5
Step-by-step explanation:
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