Braden invested $900 in a mutual fund. Each year, Braden's investment grew by 2%. Which equation calculates y, the value of Braden's investment after 4 years? y = 900 · 1.024 y = 900 · 0.024 y = 900 · 40.2 y = 1.02 · 9004

Braden invested $900 in a mutual fund. Each year, Braden's investment grew by 2%. Which equation calculates y, the value of Braden's investment after 4 years? y = 900 · 1.024 y = 900 · 0.024 y = 900 · 40.2 y = 1.02 · 9004

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Braden invested $900 in a mutual fund. Each year, Braden's investment grew by 2%.
Which equation calculates y, the value of Braden's investment after 4 years?
y = 900 · 1.024
y = 900 · 0.024
O y = 900 · 40.2
y = 1.02 · 9004

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