Ask Question
26 February, 08:35

An investment of $5000 doubles in value every decade. The function f (x) = 5000 · 2^x, where x is the number of decades, models the growth of the value of their investment. How much is the investment worth after 30 yr?

+1
Answers (1)
  1. 26 February, 09:05
    0
    1 decade = 10 years

    30 years = 3 decades

    Simply plug in the value of the number of decades needed to find into where the x value is.

    f (x) = 5000 · 2^x

    f (3) = 5000 · 2^3 = 40000

    The investment is worth $40000 after 30 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An investment of $5000 doubles in value every decade. The function f (x) = 5000 · 2^x, where x is the number of decades, models the growth ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers