AbbasM262494 AbbasM262494

29-10-2022
Mathematics

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Using the model, what will be the value of the investment after 25 years? Round your answer to the nearest dollar.

Using the model what will be the value of the investment after 25 years Round your answer to the nearest dollar class=

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HaaniyaW603330 HaaniyaW603330

29-10-2022

Given[tex]y=2650(1.05)^x[/tex]Solution[tex]\begin{gathered} now\text{ } \\ When\text{ }x=25 \end{gathered}[/tex]

Substitute the given

[tex]\begin{gathered} y=2650(1.05)^{25} \\ y=8973.84059 \end{gathered}[/tex]

The final answer[tex]\text{ \$8,974}[/tex]Option D

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