Question

2. The function f(x)500(1.045)* models the value of an investment afteryears. What is the approximate value of the investment at f(6)?A$650B. $710c. $3,006D. $3,135

Answer 1

2.

f(x)= 500 (1.045)^x

to find f(6) replace x by 6 in the function and solve:

f (6) = 500 (1.045) ^6

f (6) = 500 (1.302260125) = 651.13 ≅ 650