kyleedailey269 kyleedailey269

29-04-2020
Mathematics

contestada

vanessa invested $2500 into an account that will increase in value 3.5% each year. write an exponential function, then find the value of the investment after 20 years

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Amazingbean21 Amazingbean21

29-04-2020

Answer: A = 2500 (1.035)^n

A= $ 4,974.47

Step-by-step explanation:

A=P(1+r)^n

A= Amount

P= Principal

R= rate

N= # of years

A= 2500(1.035)^n

N=20

2500(1.035)^20

A= 4,974.47

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