Question

if $5,000 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 1

it would be 5000 times .04, and then I'm pretty sure that you would then multiply that by five. Hope this helped!

Answer 2

assuming it's compounded interest:

5000* 1.04 ^5