Algebra-1

1. Determine the number of growth periods:

Since the stock triples every year and we want to find out the value after 4 years, the number of growth periods  is equal to the number of years, which is .

2. Use the exponential growth formula:

The formula for exponential growth in this case is , where:

 is the final amount of the investment.

 is the initial investment. Here, 1000.

n is the number of growth periods, which is 4.

3. Substitute the values into the formula:

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