SOLUTION: ananya invested 9,400 dollars in a saving account that paid 7.5 % interest compounded annually.the function usedto represent this investment is A(t)=9400(1.075)t where A is the acc
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Question 1203697: ananya invested 9,400 dollars in a saving account that paid 7.5 % interest compounded annually.the function usedto represent this investment is A(t)=9400(1.075)t where A is the accrued value of the savings account in dollars and t is the length of the investment in tears use the function to determine how much money Ananya will have in her savings account. round the answer to tw0 decimal places
Found 2 solutions by ikleyn, josgarithmetic:
Answer by ikleyn(52835) (Show Source): You can put this solution on YOUR website!
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ananya invested 9,400 dollars in a saving account that paid 7.5 % interest compounded annually.
the function usedto represent this investment is A(t)=9400(1.075)t where A is the accrued value
of the savings account in dollars and t is the length of the investment in tears
use the function to determine how much money Ananya will have in her savings account.
round the answer to tw0 decimal places
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If you want " to determine how much money Ananya will have in her savings account ",
then the time t should be given as a value; but it is missed in the post,
making the question non-sensical and the solution impossible.
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- Compounded interest percentage problems
in this site.
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Answer by josgarithmetic(39623) (Show Source): You can put this solution on YOUR website!
Function A(t) written wrong. For that ten-year value, , which could be done year by year if wanted. (But not always the best way).
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