Suppose an investment of $2,300 doubles in value every decade. The function below gives the value of the investment after x decades. How much is the investment worth after 2 decades?

Question

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1 point
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$2,355,200
$92,000
$46,000
$9,200

Answer 1

To calculate the value of the investment after 2 decades, we plug in x = 2 into the function:

Value = $2,300 * 2^(2) = $2,300 * 4 = $9,200

Therefore, the investment is worth $9,200 after 2 decades.

So, the answer is $9,200.