## Related questions with answers

Question

An investment of $\$5000$ doubles in value every decade. The function $f(x)=5000\cdot 2^x$, where $x$ is the number of decades, models the growth of the value of the investment. How much is the investment worth after $30$ yr?

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 4$f\left( x\right)=5000\cdot2^{x}$

This function determines the investment after x decades. So, to know the investment after 30 years, we need to take the value of x = 3. Since 3 decades is equal to 30 years

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