stanleychan429 stanleychan429

08-02-2017
Mathematics

Answered

If $10,000 is invested at an interest rate of 3.5% each year, what is the value of the investment in 7 years? Write an exponential function and solve.

Verified Answer :

wolf1728 wolf1728

08-02-2017

Total = Principal (1+ rate)^years
Total = 10,000 (1.035)^7

Total = 12,722.79

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alaynatrahan alaynatrahan

17-12-2018

Answer: y=10000(1.035)^7 ;$12,722.79

Answer Link

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