document.write( "Question 1174938: Suppose that a couple invested ₱50,000 in an account when their child was born,
\n" ); document.write( "to prepare for the child’s college education. If the average interest rate is 4.4%
\n" ); document.write( "compounded annually, (a)give an exponential model for the situation, and (b) will
\n" ); document.write( "the money be doubled by the time the child turns 18 years old, the money has
\n" ); document.write( "more than doubled since the amount exceeded ₱100,000.
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Algebra.Com's Answer #800445 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

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document.write( "Hi\r\n" );
document.write( " In General \r\n" );
document.write( "A = Accumulated Amount\r\n" );
document.write( "P= principal = $50,000\r\n" );
document.write( "r= annual rate = .044\r\n" );
document.write( "n= periods per year = 1\r\n" );
document.write( "t= years = 18\r\n" );
document.write( " = $108,537.29 Rounded to the nearest penny)\r\n" );
document.write( "b) Yes, it will double\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
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