Suppose an investment of $2,300 doubles in value every decade. The function f (x) = 2,300*2^x gives the value of the investment after x decades. How much is the investment worth after 2 decades?

a. $9,200

b. $9,200

c. $92,000

d. $46,000

Question

21 October, 14:56

+1

Answers (1)

Know the Answer?

Matthew Bartlett · Answer 1

Plug in 2 for X.

so the equation should look like this:

f (x) = 2,300*2^ (2)

This simplifies to:

f (x) = 2,300*4

Do this and find your answer!

Suppose an investment of $2,300 doubles in value every decade. The function f (x) = 2,300*2^x gives the value of the investment after x decades. How much is the investment worth after 2 decades?a. $9,200b. $9,200c. $92,000d. $46,000