The expression 1000(1.1)t represents the value of a $1000 investment that earns 10% interest per year, compounded annually for t years. what is the value of a $1000 investment at the end of 4 years?

$1464.1

Step-by-step explanation:

Given : The expression represents the value of a $1000 investment that earns 10% interest per year, compounded annually for t years.

To find the value of a $1000 investment at the end of 4 years, we need to put the value of t = 4 in the given expression , we get

Hence, the value of a $1000 investment at the end of 4 years = $1464.1

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!