The value of an investment of $3,500 over t years at 4.5% interest is represented by the expression 3500(1.045)t. Which kind of expression is 3500(1.045)t?

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Jakebman asked Jun 16, 2023

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The value of an investment of $3,500 over t years at 4.5% interest is represented by the expression 3500(1.045)t.

Which kind of expression is 3500(1.045)t?

Mathematics
high-school

Jakebman asked Jun 16, 2023

by Jakebman

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Answer:

Geometric Sequence

Explanation:

Geometric Sequences are sequences in which each term is found by multiplying the preceding term by the same value

Atul Kumar answered Jun 21, 2023

by Atul Kumar

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