Algebra 1

Published by Prentice Hall
ISBN 10: 0133500403
ISBN 13: 978-0-13350-040-0

Chapter 7 - Exponents and Exponential Functions - 7-6 Exponential Functions - Practice and Problem-Solving Exercises: 18

Answer

F(3) = 40000 the initial investment of 5000 after 30 years will be worth $40000.

Work Step by Step

There are 3 decades in 30 years, so x=3. f(3) = 5000 $\times$ $2^{3}$ f(3) = 5000 $\times$ 8 f(3) = 40000
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