9514 1404 393
Answer:
v(t) = 126000·1.02^t
v(10) ≈ 153,593 . . . dollars
Step-by-step explanation:
An exponential function is of the form ...
f(t) = a·b^t
where 'a' is the initial value, and 'b' is the growth factor. The growth factor is 1 more than the growth rate, which is given as 2%.
Your exponential function is ...
v(t) = 126000·1.02^t . . . . . . where v is the value as a function of time in years
After 10 years, the value is ...
v(10) = 126000·1.02^10 ≈ 153,593 . . . . . dollars
