osomendoza123 osomendoza123

22-08-2021
Mathematics

contestada

The expression 2500(1.15)t represents the value of a $2500 investment that earns 15% interest per year, compounded annually for t years. What is the value of a $2500 investment at the end of 5 years?

Respuesta :

badtestbot28 badtestbot28

22-08-2021

Answer:

$5028.4

Step-by-step explanation:

The expression for that investment will be 2500*(1.15)^t where t is in years, the value of the investment will be 2500*(1.15)^5=5028.4

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