If $15000 is invested in an account at an interest rate of 3.5% compounded yearly, which exponential function describes the amount of money in the account after t years?

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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If $15000 is invested in an account at
an interest rate of 3.5% compounded
yearly, which exponential function
describes the amount of money in the
account after t years?
Transcribed Image Text:If $15000 is invested in an account at an interest rate of 3.5% compounded yearly, which exponential function describes the amount of money in the account after t years?
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