Question

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?

Answer 1

Answer:

5852.86 = 5000 (1+ .032)^5

1170572956 = 1,000,000,000(1+ .032)^5

Step-by-step explanation: