Rewrite in form of y = a(1+r) or y = a(1 - r)' and then rate of growth/decay:3.y = .6(.97).2t·6 (99) = .6 (1.010Simplic

y = a(1+r)ty = abtwhere a = initial amountb = growth factor = 1+rr = growth rateUsing the laws of…

Answered: Rewrite in form of y = a(1+r) or y =…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...

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Similar questions

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Rewrite in form of y = a(1+r) or y = a(1 - r)' and then rate of growth/decay: 3. y = .6(.97).2t ·6 (99) = .6 (1.010 Simplic