Answer: $1464.1
Step-by-step explanation:
Given : The expression [tex]1000(1.1)^t[/tex] represents the value of a $1000 investment that earns 10% interest per year, compounded annually for t years.
To find the value of a $1000 investment at the end of 4 years, we need to put the value of t = 4 in the given expression , we get
[tex]1000(1.1)^4=1464.1[/tex]
Hence, the value of a $1000 investment at the end of 4 years = $1464.1
