niForsoftime niForsoftime

29-09-2016
Mathematics

Answered

A initial investment of $10,000 grows at 11% per year. What function represents the value of the investment

after t years?

Af(t) = 10000(0.11)t
Cf(t) = 10000(1.11)t
Bf(t) = 10000(12)t
Df(t) = 10000(1.11)t

Verified Answer :

soyrbto soyrbto

30-09-2016

Growing implies that every year is bigger so the percentage have to be greater than 1

in this case
c. f(t) = 10000(1.11)t
d. f(t) = 10000(1.11)t

would be both answers given that 1.11 represents an increase of 11%

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