elviaortiz402373
21.06.2021 •
Mathematics
An investment of 100,000 AED increases at a rate of 16% per year. What is
the value of the investment after 20 years? Give your answer to 2 decimal
places
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Ответ:
1,946,075.95 AED
Step-by-step explanation:
Firstly, we write the general formula for an exponential increase as follows;
V(t) = A( 1 + r)^t
where V(t) is the value after some number of years t
A is the investment amount which is 100,000 AED
r is the rate of increase which is 16% = 16/100 = 0.16
t is the number of years which is 20
substituting these values;
V(20) = 100,000( 1 + 0.16)^20
V(20) = 100,000(1.16)^20
V(20) = 1,946,075.95 AED
Ответ:
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Step-by-step explanation:
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