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MrsJenny
MrsJenny MrsJenny
  • 05-09-2016
  • Mathematics
Answered

ravi deposited $950.00 into a savings account at his local bank. if the interest rate is 2.5% then how much will he have after 6 months

Verified Answer :

firstinclass firstinclass
  • 05-09-2016

Its an exponential function. The equation is
Y=950(1-0.025)^6

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