10
QuizMultiple Choice
Use Exponential Functions
Question 10 • 25-26 CRX Math Models with Applications 7052A
If $5000 is invested at an interest rate of 4% each year, what is the value of the investment in 5 years? Write an exponential function and solve.
Answer
A
;$6083.26B
;$26,662.37C
;$6830.26D
;$35,147.85