After 5 years, the value of an investment of 500 at an interest rate of X %

Question:

After 5 years, the value of an investment of £500 at an interest rate of X % per annum is given by:


image


Find an approximation for this expression in the form A + BX + CX2, where A, B and C are constants to be found. You can ignore higher powers of X.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: