00081094
Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Help me if you are good at math!

Help Me If You Are Good At Math class=

Sagot :

Initial amount of investment is $500, each year the investment grows by 6%, and after ten years the investment becomes $800.

How I did this, the initial investment is y intercept AKA the value of y at x=0, to get percentile growth, I did year 0/ year 1 and got 0.94 or 94%, but you have to subtract that from 1 which gives you 0.06 or 6%, and to find value of investment after 10 years, I first did 6% growth per year multiplied by 10 years which gives you 60%, then I multiplied 500(1.6) and got 800. Hope this helped!
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.