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The value, y, of a $15,000 investment over x years is represented by the equation y=15000(1.2)(x/3). what is the profit (interest) on a 6 year investment?

 Apr 1, 2018
 #1
avatar+111329 
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The interest  is

 

Final value  - Amount invested  =

 

15000 (1.2)(6/3)  - 15000 =

 

15000 (1.2)(2) - 15000 =

 

15000 (2.4 - 1)  =

 

15000 (1.4)  =

 

$21000

 

 

cool cool cool

 Apr 1, 2018

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