Answer
$450(1.06)^2$
Work Step by Step
Let $x$ be the number of years after the purchase. Then our initial amount is $450$, and the percent increase is: $0.06$. Then the value is: $450(1+0.06)^x=450(1.06)^2$
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
Published by
McDougal Littell
ISBN 10:
0618595414
ISBN 13:
978-0-61859-541-9
Chapter 7 Exponential and Logarithmic Functions - 7.1 Graph Exponential Growth Functions - 7.1 Exercises - Skill Practice - Page 483: 30
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