Answer:
1. V(12) = $ 1200
2. V(20) = $ 4800
Step-by-step explanation:
The following data were obtained from the question:
V(t) = 150 × 2ᵗ/⁴
V(12) =?
V(20) =?
1. Determination of V(12)
Time (t) = 12 years
V(12) =?
V(t) = 150 × 2ᵗ/⁴
V(12) = 150 × 2¹²/⁴
V(12) = 150 × 2³
V(12) = 150 × 8
V(12) = $ 1200
2. Determination of V(20)
Time (t) = 20 years
V(20) =?
V(t) = 150 × 2ᵗ/⁴
V(20) = 150 × 2²⁰/⁴
V(20) = 150 × 2⁵
V(20) = 150 × 32
V(20) = $ 4800
