What is 10 times as much as 0.06.
1 answer:
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Using an exponential function, it is found that you would have an amount of $64,060 in 45 years.
<h3>What is an exponential function?</h3>An increasing exponential function is modeled by:
In which:
- A(0) is the initial value.
- r is the growth rate, as a decimal.
In this problem, considering the initial value of A(0) = 2000, with a growth rate of r = 0.26 each 3 years, the equation is given by:
In 45 years, the amount will be given by:
More can be learned about exponential functions at brainly.com/question/25537936
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