MODELING REAL LIFE You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. (See Example 3.)

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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Number 11
11. MODELING REAL LIFE You deposit $9000 in a
savings account that earns 3.6% annual interest
compounded monthly. (See Example 3.)
7
MTR
a. Write a functions that represents the balance
(in dollars) of your savings account after t years.
b. What is the balance of the account after 7 years?
c. How many years will it take to double the
principal?
M
Transcribed Image Text:11. MODELING REAL LIFE You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. (See Example 3.) 7 MTR a. Write a functions that represents the balance (in dollars) of your savings account after t years. b. What is the balance of the account after 7 years? c. How many years will it take to double the principal? M
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