Fred deposits $3000 in an account that pays 3.12% interest compounded yearly. What is the correct exponential growth model that will determine the amount of money Fred will make? O A= 3000(1 + 0.312) O A = 3000(1 + 0.0312) O A = 3000(1 – 0.312) O A= 3000(1 – 0.0312) O A= 3000(1 +3.12) O A= 3000(1 – 3.12) 2 4. 7

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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RINGOTTS BANK
Fred deposits $3000 in an account that pays 3.12% interest compounded yearly. What is the correct exponential growth model that will determine the
amount of money Fred will make?
O A = 3000(1 + 0.312)
O A = 3000(1 + 0.0312)*
O A = 3000(1 – 0.312)
O A = 3000(1 – 0.0312)
O A = 3000(1 +3.12)
O A= 3000(1 – 3.12)
1
4.
7
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Transcribed Image Text:RINGOTTS BANK Fred deposits $3000 in an account that pays 3.12% interest compounded yearly. What is the correct exponential growth model that will determine the amount of money Fred will make? O A = 3000(1 + 0.312) O A = 3000(1 + 0.0312)* O A = 3000(1 – 0.312) O A = 3000(1 – 0.0312) O A = 3000(1 +3.12) O A= 3000(1 – 3.12) 1 4. 7 Support | Schoology Blog | PRIVACY POLICY sh common-assessment-delivery/start/4919453333?action=Donresume&submissionld=537045768#
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