1) Suppose Tom Sawyer invested $5000 in stocks and the investment grew exponentially to $ XXXXXXXXXXin three years. The growth function is given as: f (t) = Y 0 b t Where: Y 0 = initial amount...


1) Suppose Tom Sawyer invested $5000 in stocks and the investment grew exponentially to $5871.20 in three years.



            The growth function is given as:  f (t) = Y0bt


Where:


            Y0
= initial amount invested


             b = growth rate, and


             t = time in years


How much will the investment be worth in 15 years?




Jun 10, 2022
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