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kat4wineChrist
kat4wineChrist kat4wineChrist
  • 13-10-2016
  • Mathematics
Answered

Suppose an investment of $2,300 doubles in value every decade. The function gives the value of the investment after x decades. f(x)=2300*2^x How much is the investment worth after 2 decades?

a.$2,355,200

B$92,000
C$46,000
D$9,200

Verified Answer :

HomertheGenius
HomertheGenius HomertheGenius
  • 21-10-2016

f ( x ) = 2,300 2^x
After 2 decades:  x = 2.
f ( 2 ) = 2,300 2 ^2 = 2,300 * 4 = 9,200
Answer:
D ) $9,200 

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