Question

Suppose an investment of $2,300 doubles in value every decade. The function x=2,300 * 2^x how much would the investment be after 2 decades

Answer 1

To find out how much the investment would be after 2 decades, we need to substitute x = 2 into the function and solve for x.

So, x = 2,300 * 2^2
= 2,300 * 4
= 9,200

Therefore, the investment would be $9,200 after 2 decades.