Emma invested money in a local stock. The money can be modeled by using the expression P=10,000(1.1)^t where t is the time in years and P is the amount of money, in dollars. How much money did she have three years ago? Round your answer to the nearest dollar
In this problem t = -3 (for time THREE years ago)
Just substitute -3 in for t to get your answer.....
= $7513
~jc
Emma invested money in a local stock. The money can be modeled by using the expression P=10,000(1.1)^t where t is the time in years and P is the amount of money, in dollars. How much money did she have three years ago? Round your answer to the nearest dollar
Emma had a total of $7,513.15 three years earlier.
