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You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly. a.) Write a compound interest function to model the situation. b.) How much wi…

You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly. a.) Write a compound interest function to model the situation. b.) How much wi…
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You have invested $2,500 in stocks. The stock increases at a rate of 5% and is compounded monthly.

a.) Write a compound interest function to model the situation.

b.) How much will the stock be worth in 3 years?

User Julien May
by
8.3k points

1 Answer

4 votes

50,0000 os the answer of worth in 3 years

User Elias Limneos
by
8.7k points
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