Question

The function V(t)= 1,000(1.06)^2t models the value of an investment after t years.

What is the initial value of the investment?

Answer 1

It's 1,000

Explanation:

exponential form is f(x)= a × b^2

(a=initial amount)

(b=growth rate)

you would replace a for 1000 and b for .06 (+1)

v(t)=1000(1.06)^2t

therefore the initial amount is 1000

if this didnt help sorry lol