Algebra: A Combined Approach (4th Edition)

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: 3

Answer

$144302$

Work Step by Step

$y=C(1+r)^x$ $C=2000; r=0.11; x=41$ $y=2000(1+0.11)^{41}$ $y=2000(1.11)^{41}$ $y\approx144302$
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