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Sagot :
Answer:
The answers is 15840
Step-by-step explanation:
\text{Exponential Functions:}
Exponential Functions:
y=ab^x
y=ab
x
a=\text{starting value = }14000
a=starting value = 14000
r=\text{rate = }2.5\% = 0.025
r=rate = 2.5%=0.025
\text{Exponential Growth:}
Exponential Growth:
b=1+r=1+0.025=1.025
b=1+r=1+0.025=1.025
\text{Write Exponential Function:}
Write Exponential Function:
y=14000(1.025)^x
y=14000(1.025)
x
Put it all together
\text{Plug in time for x:}
Plug in time for x:
y=14000(1.025)^{5}
y=14000(1.025)
5
y= 15839.71498
y=15839.71498
Evaluate
y\approx 15840
y≈15840
round
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