SOLUTION: you deposit $200.00 in an that pays 7% interest compund yearly. Find the multiplier for the rate of exponential growth.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: you deposit $200.00 in an that pays 7% interest compund yearly. Find the multiplier for the rate of exponential growth.      Log On


   

Question 271541: you deposit $200.00 in an that pays 7% interest compund yearly. Find the multiplier for the rate of exponential growth.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
you deposit $200.00 in an that pays 7% interest compounded yearly. Find the multiplier for the rate of exponential growth.
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A(t) = 200(1+ 0.07)^t
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Multiplier: 1.07^t
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Cheers,
Stan H.