Question

Megan recently invested $2,000 dollars in a fast-growing company. Her financial advisor expects that Megan's investment will grow in value by approximately 6% every month.
a) Write a function rule I(m) that models the value of Megan's investment after m months.
b) How much will her investment be worth in two years? Round to the nearest cent.

Answer 1

Answer:

2090

Step-by-step explanation:

0.06 × 2000 =120 therefore 120 × 24 =2088. and round off to the cent