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#35112

applications

functions

exponential

medium

60 sec

An initial investment of $1,000 grows over time. After 2 years, the investment is worth $1,210. The value of the investment, $A$ , after $t$ years can be modeled by the equation $A = C \cdot k^{t}$ , where $C$ is the initial investment and $k$ is the annual growth factor.

What is the value of $k$ ?

• Up to 5 characters (6 if negative). Only numbers, decimal (.), fraction (/), negative (-).
• Fractions must be in lowest terms.
• Mixed numbers must be converted to improper fractions.