Joyce won $400 in an essay contest. She invests the money in an interest- earning account. The table shows how much money she has in the account. Find an appropriate model for the amount that Joyce will have in the account after t years. Then, use the model to predict approximately when Joyce will have $800 in the account. Joyce's Account Value $424.00 $449.44 $476.41 $504.99 $535.29 Year 4. A. M) = 400(1.06); about 12 years V) = 400(1.061); about 19 years B. V) = 400(1.06t); about 7.5 years C. D. Mt) = 400(1.06)'; about 8 years

Joyce won $400 in an essay contest. She invests the money in an interest- earning account. The table shows how much money she has in the account. Find an appropriate model for the amount that Joyce will have in the account after t years. Then, use the model to predict approximately when Joyce will have $800 in the account. Joyce's Account Value $424.00 $449.44 $476.41 $504.99 $535.29 Year 4. A. M) = 400(1.06); about 12 years V) = 400(1.061); about 19 years B. V) = 400(1.06t); about 7.5 years C. D. Mt) = 400(1.06)'; about 8 years

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

Joyce won $400 in an essay contest. She invests the money in an interest-
earning account. The table shows how much money she has in the account.
Find an appropriate model for the amount that Joyce will have in the account
after t years. Then, use the model to predict approximately when Joyce will
have $800 in the account.
Joyce's Account
Value
$424.00
$449.44
$476.41
$504.99
$535.29
Year
4.
A. M) = 400(1.06); about 12 years
V) = 400(1.061); about 19 years
B.
V) = 400(1.06t); about 7.5 years
C.
D. Mt) = 400(1.06)'; about 8 years

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