John recently purchased $4,897.00 worth of a stock that is expected to grow in value by 9% each year for the next ten years. Assuming this growth forecast holds, which function will show the value of John's stock in t years?

A.

A (t) = $4,897 (1.11) t

B.

A (t) = $4,897 (1.09) t

C.

A (t) = 1.09 ($4,897) t

D.

A (t) = $4,897 (1.09) (t)

Question

Valery Downs

21 April, 04:20

+4

Answers (2)

Know the Answer?

Aryanna Wilcox · Answer 1

B

This is true because the value increases from the initial value.

So it is 109%

So you multiply by 1.09

Caiden Deleon · Answer 2

Caiden Deleon 21 April, 07:01

0

Step-by-step explanation:

B