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If $5,000 is invested at an interest rate of 4% each year what is the value of the investment in 5 years? write an exponential function and solve.

If $5,000 is invested at an interest rate of 4% each year what is the value of the investment in 5 years? write an exponential function and solve.
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if $5,000 is invested at an interest rate of 4% each year what is the value of the investment in 5 years? write an exponential function and solve.

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User Axel Morgner
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2 Answers

3 votes
it would be 5000 times .04, and then I'm pretty sure that you would then multiply that by five. Hope this helped!
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User Richard Huang
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8.5k points
2 votes
assuming it's compounded interest:

5000* 1.04 ^5
answered
User Donal
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