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Vince has $500 which he puts into an investment that has a yearly growth rate of 8%.

Which statement best describes the function that could be used to model the value of Vince's investment, V(t), as a function of time in years?

Respuesta :

dhansen11209

Answer:

multiplication

Step-by-step explanation:

The investment as a function of time will be 500 + ((8 * t)/100)*500 where 't' represents the number of years.

What is percentage?

Percentage is defined as a given part or amount in every hundred

Initial investment by Vince = $500

Increase percentage every year = 8%

Investment value after 1 year will be = 500 + ((8 * 1)/100)*500

Investment value after 2nd year will be = 500 + ((8 * 2)/100)*500

Continuing the pattern:

So, investment value after 't' years will be = 500 + ((8 * t)/100)*500

Learn more about percentages on:

https://brainly.com/question/24304697

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