Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her money grows by 5%. a) Write an equation representing the amount of money in the CD over time. b) How much money will Libby have after 25 years?
Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her money grows by 5%. a) Write an equation representing the amount of money in the CD over time. b) How much money will Libby have after 25 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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Part a,b

Transcribed Image Text:Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her
money grows by 5%.
a) Write an equation representing the amount of money in the CD over time.
b) How much money will Libby have after 25 years?
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