Question

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Answer 1

1. V(12) = $ 1200

2. V(20) = $ 4800

Explanation:

The following data were obtained from the question:

V(t) = 150 × 2ᵗ/⁴

V(12) =?

V(20) =?

1. Determination of V(12)

Time (t) = 12 years

V(12) =?

V(t) = 150 × 2ᵗ/⁴

V(12) = 150 × 2¹²/⁴

V(12) = 150 × 2³

V(12) = 150 × 8

V(12) = $ 1200

2. Determination of V(20)

Time (t) = 20 years

V(20) =?

V(t) = 150 × 2ᵗ/⁴

V(20) = 150 × 2²⁰/⁴

V(20) = 150 × 2⁵

V(20) = 150 × 32

V(20) = $ 4800