3 years ago

Create an equation to model an investment

Mathematics

1 answer:

melomori [17]3 years ago

5 0

Initial amount = 5000 $

Interest rate = 15 %

The amount increases exponentially.Then we get the following equation ,

$\\$

It would double

$5000 \times 15 {}^{t}$ = 10000

=> $15 {}^{t}$ = 2

$\\\\\\$

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