QUESTION IMAGE
Question
- you invest $200 in an account. let t be the number of years since the investment was made. the value of the investment triples every 4 years. hint: need use ( y = a cdot b^t ). how much money is in the account after 12 years?
Step1: Identify initial value and growth factor
Initial investment $a = 200$, growth factor per 4 years is 3.
Step2: Calculate growth periods in 12 years
Number of 4-year periods: $\frac{12}{4} = 3$
Step3: Apply exponential growth formula
Use $y = a \cdot b^t$, where $b=3$, $t=3$.
$y = 200 \cdot 3^3$
Step4: Compute final value
$3^3 = 27$, so $y = 200 \times 27$
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