Question 1068033: Minerva starts a savings account with $50. The interest on the account balance is compounded annually. The graph below shows the account balance in terms of x ,the number of years since the account was opened.
Graph: https://vallejocity.owschools.com/media/g_alg01_ccss_2016/8/img_alg1u08l08_01.gif
After 12 years, Minerva's account balance should be about $100, assuming that she does not add or withdraw any money from the account.
A.) True
B.) False
C.) Cannot be determined from the information given.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Minerva starts a savings account with $50. The interest on the account balance is compounded annually. The graph below shows the account balance in terms of x ,the number of years since the account was opened.
Graph: https://vallejocity.owschools.com/media/g_alg01_ccss_2016/8/img_alg1u08l08_01.gif
After 12 years, Minerva's account balance should be about $100, assuming that she does not add or withdraw any money from the account.
A.) True
B.) False
C.) Cannot be determined from the information given.
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Cannot be determined without knowing the interest rate.
Cheers,
Stan H.
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