Suppose an investment of $2,300 doubles in value every decade. The function gives the value of the investment after x decades. How much is the investment worth after 2 decades?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0A$2,355,200%0D%0A$2,355,200%0D%0A%0D%0A$92,000%0D%0A$92,000%0D%0A%0D%0A$46,000%0D%0A$46,000%0D%0A%0D%0A$9,200%0D%0A$9,200

Question

Suppose an investment of $2,300 doubles in value every decade. The function  gives the value of the investment after x decades. How much is the investment worth after 2 decades?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0A$2,355,200%0D%0A$2,355,200%0D%0A%0D%0A$92,000%0D%0A$92,000%0D%0A%0D%0A$46,000%0D%0A$46,000%0D%0A%0D%0A$9,200%0D%0A$9,200

Bot GPT 3.5 · Answer

After 2 decades, the investment would be worth $92,000. Explanation: The initial value of the investment is $2,300. After one decade, the value doubles to $4,600. After another decade, the value doubles again to $9,200. So, after 2 decades, the investment is worth $9,200.