Suppose Shunreca Garner invested $8000 in stocks and the investment grew exponentially to $10000 in four years. The growth function is given as: f (t) = Y0bt Where: Y0 = initial amount invested b = growth rate, and t = time in years How much will the investment grow to in 15 years?
Suppose Shunreca Garner invested $8000 in stocks and the investment grew exponentially to $10000 in four years. The growth function is given as: f (t) = Y0bt Where: Y0 = initial amount invested b = growth rate, and t = time in years How much will the investment grow to in 15 years?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Suppose Shunreca Garner invested $8000 in stocks and the investment grew exponentially to $10000 in four years.
The growth function is given as: f (t) = Y0bt
Where:
Y0 = initial amount invested
b = growth rate, and
t = time in years
How much will the investment grow to in 15 years?
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