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drek231
2 months ago
10

Suppose you deposit $2000 in a bank account that has a doubling time of 19 years. To the nearest $100, what will your balance be

after 5 years?
A. $2400
B. $2500
C. $7600
D. $27,900
Mathematics
2 answers:
lawyer [12.5K]2 months ago
5 0

The expression that represents the balance (b) in relation to the number of years (t) is given as

... b = 2000·2^(t/19)...... the amount increases exponentially and is doubled when t=19

Consequently, when t=5, the balance is

... b = 2000·2^(5/19) ≈ 2400

The correct answer is...

... A. $2400

AnnZ [12.3K]2 months ago
3 0
It is B. 2500 _____________________________
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