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WITCHER [35]
2 years ago
5

Hurrryy!!! im on a timerrr

Mathematics
1 answer:
docker41 [41]2 years ago
5 0

Answer:

3rd one

Step-by-step explanation:

12

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The function V(t)=1,000(1.06)^t models the value of an investment after t years. What does the ".06" represent in the function?
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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

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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

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