IDNLearn.com is designed to help you find the answers you need quickly and easily. Join our community to receive prompt and reliable responses to your questions from knowledgeable professionals.
Sagot :
Answer:
$3,584,000
Explanation:
The initial value of the investment = $3500
Since the investment doubles every two years, the function showing the value of the investment after t years is given as:
[tex]f(t)=3500(2)^{\frac{t}{2}}_{}[/tex]After 20 years, i.e. When t=20 years
[tex]\begin{gathered} f(20)=3500\times2^{\frac{20}{2}} \\ =3500\times2^{10} \\ =\$3,584,000 \end{gathered}[/tex]After 20 years the investment is worth $3,584,000.
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. IDNLearn.com provides the best answers to your questions. Thank you for visiting, and come back soon for more helpful information.
