+0  
 
0
193
1
avatar

the value of a $3,000 investment at 5% annual interest is found to be A(t)=3000(1.05)^t at t years after the initial investment. find the value after 6 years.

Guest Mar 29, 2017
Sort: 

1+0 Answers

 #1
avatar+90600 
+1

the value of a $3,000 investment at 5% annual interest is found to be A(t)=3000(1.05)^t at t years after the initial investment. find the value after 6 years.

 

Just replece the t with a 6 and put it into the calculator

 

A(t)=3000(1.05)^t

A(6)=3000(1.05)^6

 

3000*(1.05)^6   ??? 

Melody  Mar 29, 2017

11 Online Users

avatar
avatar
avatar
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details