contestada

the projected value of an investment is modeled by the exponential function V(t)=30,000(1.125)^t ,where V(t) is the total value after t amount of years.what is the percent increase each year for the investment?

Respuesta :

We have the following:

[tex]V(t)=30000\cdot(1.125)^t[/tex]

Now, to know the percentage we use the term that is elevated to time (t), that is,

[tex]1.125[/tex]

If 1 represents 100% then the percentage that increases would be

[tex]1.125-1=0.125[/tex]

Therefore, the percentage is 12.5%

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