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?
(1 point)
$2,355,200
$92,000
$46,000
$9,200
To find the value of the investment after 2 decades, we can plug in x = 2 into the function.
f(x) = $2,300 * 2^x
f(2) = $2,300 * 2^2 = $2,300 * 4 = $9,200
Therefore, the investment is worth $9,200 after 2 decades. The correct answer is $9,200.