The balance of an investment is increasing according to the rule Next year's balance = 1.50 × Current balance. If the original value of the investment is $700, find a formula that gives the balance B after t years.

Intermediate Algebra
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Chapter10: Exponential And Logarithmic Functions
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Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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The balance of an investment is increasing according to the rule

Next year's balance = 1.50 × Current balance.

If the original value of the investment is $700, find a formula that gives the balance B after t years.

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