Investing Emily is investing $100.00 in an account that INVESTMENT pays 12% Interest each year. At the end of each year, the interest is added to Emily's account balance. Complete the table to show Emily's account balance at the end of each year. Round each value to the nearest cent. Years since $100 invested Account Balance Write an equation that models the relationship between the time in years, t, and the account balance amount A. A = 3 Submit 4. Try It

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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Investing
Emily is investing $100.00 in an account that
pays 12% Interest each year.
INVESTMENT
At the end of each year, the interest is added
to Emily's account balance.
Complete the table to show Emily's account
balance at the end of each year. Round each
value to the nearest cent.
Years since
$100 invested
Account
Balance
Write an equation that models the
relationship between the time in years, t, and
the account balance amount A.
A=
3.
Submit
14
Try It
Transcribed Image Text:Investing Emily is investing $100.00 in an account that pays 12% Interest each year. INVESTMENT At the end of each year, the interest is added to Emily's account balance. Complete the table to show Emily's account balance at the end of each year. Round each value to the nearest cent. Years since $100 invested Account Balance Write an equation that models the relationship between the time in years, t, and the account balance amount A. A= 3. Submit 14 Try It
Investing
Emily found another investment that
calculates interest monthly instead of
INVESTMENT
annually.
The advertised annual interest rate is 12%.
What percent do you think should be paid
each month?
Calculate the amount in Emily's account each
month. Round each value to the nearest cent.
What percent did Emily actually make on her
initial $100 investment at the end of the year?
onths sin
Account
$100 invested
Balance
Sutmit
2.
3
4.
12
Try it
Transcribed Image Text:Investing Emily found another investment that calculates interest monthly instead of INVESTMENT annually. The advertised annual interest rate is 12%. What percent do you think should be paid each month? Calculate the amount in Emily's account each month. Round each value to the nearest cent. What percent did Emily actually make on her initial $100 investment at the end of the year? onths sin Account $100 invested Balance Sutmit 2. 3 4. 12 Try it
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