Question

Suppose an investment of $2,300 doubles in value every decade. The function F(X)= 2300 * 2^X gives the value of the investment after x decades. How much is the investment worth after 2 decades?

a.)$2,355,200
b.)$92,000
c.)$46,000
d.)$9,200 I think the answer is
c. Thank You.

Answer 1

You hit the right target!

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It is 9200

Just to be sure, substitute with x = 2 in the equation.