Ask Question
23 March, 17:29

The function f (t) = 15000 (1.08) ^t models the value of an investment t years from now. What is the meaning of the value of f (10)

A the value of the investment 10 years ago

B the value of the investment in 10 years

C the initial value of the investment

D the interest rate the investment earns

+1
Answers (1)
  1. 23 March, 17:44
    0
    in the f (t) = 15000 (1.08) ᵗ, which is a form of a compounded interest formula, t = years, so

    f (t) = 15000 (1.08) ¹⁰, is the value of it when t = 10, after 10 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The function f (t) = 15000 (1.08) ^t models the value of an investment t years from now. What is the meaning of the value of f (10) A the ...” 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