chalowiee3719 chalowiee3719
  • 01-09-2020
  • Biology
contestada

$ 4000 in a mutual fund earns 12% every year. How much will the fund be worth in 20 years?

solve with exponential function ​

Respuesta :

fichoh
fichoh fichoh
  • 02-09-2020

Answer:

44092.705

Explanation:

Initial amount = 4000

Rate of increase = 12%

Time or period = 20 years

Using the exponential function with the relation :

A = Po * e^rt

Where ; A = final amount ; r = rate ; t = period ; Po = Initial amount

A = 4000 × e^(0.12*20)

A = 4000 * e^(2.4)

A = 4000*11.023176

A = 44092.705

Answer Link

Otras preguntas

Is the os portion that manages resources and interacts directly with computer hardware?
Menthol, from the oil of mint, has a characteristic cool taste. the compound contains only c, h, and o. if 95.6 mg of menthol burns completely in o2, and gives
What is the slope of the line shown below
Select the correct answer. Eczema is a type of skin disease that appears as rashes or swelling. Eczema causes skin irritation or itchiness. What type of tissue
If you are given time and distance, you can determine power if you know A. Force B. Watts C. Energy D. Joules
please help with this !
Please help me with this problem whoever does gets 20 points!
The element lead (pb) consists of four naturally occurring isotopes with atomic masses 203.97302,205.97444,206.97587, n 207.97663 amu. the relative abundances o
6c-3=c-12 what solution is this one sloution,no solution or infinite solution please show your work and explain
President Bush launched “Operation Restore Hope” to protect human rights in which country?