The amount of money in an investment is modeled by the function A(t) = 500(1.079)'. The variable A represents the investment balance in dollars, and t the number of years since 2002. (A) In 2002, the balance was $ (B) The amount of money in the investment is Select an answer (C) The annual rate of change in the balance is r = or r = %. (D) In the year 2008 the investment balance will equal $ Round answer to the nearest penny. Submit Question

The amount of money in an investment is modeled by the function A(t) = 500(1.079)'. The variable A represents the investment balance in dollars, and t the number of years since 2002. (A) In 2002, the balance was $ (B) The amount of money in the investment is Select an answer (C) The annual rate of change in the balance is r = or r = %. (D) In the year 2008 the investment balance will equal $ Round answer to the nearest penny. Submit Question

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

The amount of money in an investment is modeled by the
function A(t) = 500(1.079)'. The variable A represents the
investment balance in dollars, and t the number of years
since 2002.
(A) In 2002, the balance was $
(B) The amount of money in the investment is
Select an answer
(C) The annual rate of change in the balance is
r =
or r =
%.
(D) In the year 2008 the investment balance will equal
Round answer to the nearest penny.
Submit Question

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