If you invest $5500 in apple stock witch earns 1.2% monthly. A. Write a function that models the value of your investment over time B. What's the value of your investment after 3 years

Step-by-step

a)I = $5500+$792n b) $7876

Step-by-step explanation:

a) Amount invested = $5500

Monthly earning = 1.2%of $5500

= 1.2/100×5500

= $66

earning for a year = 12×$66 = $792

Earnings for 'n' years = $672n

Investment overtime = Amount invested+ earning for 'n' years

= $5500+$792n

Let the investment overtime be I, a function that model the investment overtime will be;

I = $5500+$792n where n is the number of years.

b) Value of investment after 3years can be gotten using the model function in (a) where n is 3years

I = $5500+$792(3)

I = $5500 + $2376

I = $7876: