The value, $V, of an investment after t years is given by the formula V = Ae0.03t

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The value, $V, of an investment after t years is given by the formula V = Ae0.03t , where $A is the initial investment.

a. How much, to the nearest dollar, will an investment of $4000 be worth after 3 years?

b. To the nearest year, how long will I need to keep an investment for it to double in value?

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Cambridge IGCSE And O Level Additional Mathematics

ISBN: 9781510421646

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Authors: Val Hanrahan, Jeanette Powell

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Question Posted: Sep 02, 2021 01:10 AM

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The value, $V, of an investment after t years is given by the formula V = Ae0.03t

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Cambridge IGCSE And O Level Additional Mathematics

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