The unit form for that is
5,500
Answer:
A
Step-by-step explanation:
Looking at the function, we have;
V(t) = 1,000(1.06)^t
Mathematically, the amount earned on an investment that offers a particular constant percentage return to a particular number of years can be written as;
V = I(1 + r)^t
where V is the value of the investment after some certain number of years
I is the initial amount invested
r is the constant percentage increase
and t is the number of years.
Let’s now re-write what we can deduce in the question.
This is;
V(t) = 1000(1 + 0.06)^t
Thus what this 0.06 represents is r which is the constant interest rate
Answer:
12 units
Step-by-step explanation:
got it right on edg
we need help? can somebody answer this question
