9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year, compounded Monthly. a) What is the value 10 years later? b) How many years will it take for your balance to reach 40000 dollars?
9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year, compounded Monthly. a) What is the value 10 years later? b) How many years will it take for your balance to reach 40000 dollars?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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