In 2003, David received $10,000 from his grandmother. His parents invested all of the money, and by 2015, the amount will have

Question

In 2003, David received $10,000 from his grandmother. His parents invested all of the money, and by 2015, the amount will have grown to $16,958.81. Use the exponential function y = 10000 1.045* where y is the amount in the account and x is the number of years since 2003. Assume that the amount of money continues to grow at the same rate. What would be the balance in the account in 2025?

Kunduz · Accepted Answer

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