Name: SAT Math Help & School Math Mastery
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#35264

applications

exponential

hard

90 sec

The value of an investment, $V (y)$ , in dollars, $y$ years after it was made, is given by the function $V (y) = 5000 (1.04)^{y}$ . Which of the following functions represents the value of the investment after $d$ days, assuming 365 days in a year?

A.

$V (d) = 5000 (1.04)^{365 d}$

B.

$V (d) = 5000 (1.04)^{\frac{d}{365}}$

C.

$V (d) = 5000 (1.04 \times 365)^{d}$

D.

$V (d) = 5000 (1.04 \times \frac{1}{365})^{d}$