Question

Please help explanation if possible

Answer 1

9514 1404 393

Answer:

A = 2000(1 +1)^(t/9)

$64,000

Explanation:

The growth rate is 100% in 9 years, so the equation can be written ...

A = 2000(1 +1.00)^(t/9)

The amount in 45 years is ...

A = 2000(2^5) = 2000×32 = 64,000 . . . dollars