An investment of 100,000 AED increases at a rate of 16% per year. What is the value of the investment after 20 years? Give your answer to 2 decimal
places

1,946,075.95 AED

Step-by-step explanation:

Firstly, we write the general formula for an exponential increase as follows;

V(t) = A( 1 + r)^t

where V(t) is the value after some number of years t

A is the investment amount which is 100,000 AED

r is the rate of increase which is 16% = 16/100 = 0.16

t is the number of years which is 20

substituting these values;

V(20) = 100,000( 1 + 0.16)^20

V(20) = 100,000(1.16)^20

V(20) = 1,946,075.95 AED

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt