John recently purchased $5,204.00 worth of a stock that is expected to grow in value by 11% each year for the next ten years. As
suming this growth forecast holds, which function will show the value of John's stock in t years?
1 answer:
Answer:
S = 5204 x 0.11 x t
Step-by-step explanation:
Simple interest formula
Simple = Principal x Rate x Time
So for Simple interest, our formula would look like this:
S = 5204 x 0.11 x t
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