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Mice21 [21]
3 years ago
9

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

\\\\\\

HOPE IT HELPS

PLEASE MARK ME BRAINLIEST ☺️

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