Suppose you invest $5500 in a bank account that earns a compounded annual interest rate of 4%. Complete the table below for the value of your investment each year. x: Years y: Value($) 5500 0 1 2 3 4 5 This table follows an exponential pattern. What is the "multiplier"? Write an equation that models this situation. (Use x and y for your variables.)

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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Suppose you invest $5500 in a bank account that earns a compounded annual interest rate of 4%.
Complete the table below for the value of your investment each year.
x: Years y: Value($)
0
5500
1
2
3
4
5
This table follows an exponential pattern. What is the "multiplier"?
Write an equation that models this situation. (Use x and y for your variables.)
Transcribed Image Text:Suppose you invest $5500 in a bank account that earns a compounded annual interest rate of 4%. Complete the table below for the value of your investment each year. x: Years y: Value($) 0 5500 1 2 3 4 5 This table follows an exponential pattern. What is the "multiplier"? Write an equation that models this situation. (Use x and y for your variables.)
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