stanleychan429
Answered

If $10,000 is invested at an interest rate of 3.5% each year, what is the value of the investment in 7 years? Write an exponential function and solve.

Answer :

wolf1728
Total = Principal * (1+ rate)^years
Total = 10,000 * (1.035)^7
Total = 12,722.79

Answer: y=10000(1.035)^7 ;$12,722.79


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