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Megan recently invested $2,000 dollars in a fast-growing company. Her financial advisor expects that Megan's investment will grow in value by approximately 6% every month.

a) Write a function rule I(m) that models the value of Megan's investment after m months.
b) How much will her investment be worth in two years? Round to the nearest cent.

1 Answer

1 vote

Answer:

2090

Explanation:

0.06 × 2000 =120 therefore 120 × 24 =2088. and round off to the cent