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) Responses $2,355,200 $2,355,200 $92,000 $92,000 $46,000 $46,000 $9,200
To find the value of the investment after 2 decades, we need to multiply the initial investment by 2 twice.
$2,300 * 2 = $4,600 (doubles after 1 decade)
$4,600 * 2 = $9,200 (doubles after 2 decades)
Therefore, the investment is worth $9,200 after 2 decades.