Answer
$144302$
Work Step by Step
$y=C(1+r)^x$
$C=2000; r=0.11; x=41$
$y=2000(1+0.11)^{41}$
$y=2000(1.11)^{41}$
$y\approx144302$
Algebra: A Combined Approach (4th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321726391
ISBN 13:
978-0-32172-639-1
Chapter 12 - Section 12.4 - Exponential Growth and Decay Functions - Exercise Set - Page 867: 3
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
