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Question

An investment of $5000\$5000 doubles in value every decade. The function f(x)=50002xf(x)=5000\cdot 2^x, where xx is the number of decades, models the growth of the value of the investment. How much is the investment worth after 3030 yr?

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Answered 2 years ago
Answered 2 years ago
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f(x)=50002xf\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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