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If $7500 is invested at an interest rate of 5% each year, what is the value of the investment in 4 years? Write an exponential function and solve.

If $7500 is invested at an interest rate of 5% each year, what is the value of the investment in 4 years? Write an exponential function and solve.
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If $7500 is invested at an interest rate of 5% each year, what is the value of the investment in 4 years? Write an exponential function and solve.

If $7500 is invested at an interest rate of 5% each year, what is the value of the-example-1
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User Dge
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1 Answer

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Y=7,500×(1+0.05)^(4)
Y=9,116.30
answered
User Qurashi
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8.4k points
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