Question

John recently purchased $4,897.00 worth of a stock that is expected to grow in value by 9% each year for the next ten years. Assuming this growth forecast holds, which function will show the value of John's stock in t years?

A.
A(t) = $4,897(1.11)t
B.
A(t) = $4,897(1.09)t
C.
A(t) = 1.09($4,897)t
D.
A(t) = $4,897(1.09)(t)

Answer 1

B

This is true because the value increases from the initial value.

So it is 109%

So you multiply by 1.09

Answer 2

Explanation:

B