June D.

asked • 11/30/16

Exponential Growth Question

A savings account is started with an initial deposit of $500. The account earns 1.5% interest compounded annually.
a. Write an equation to represent the amount of money in the account as a function of time in years.
b. Find the amount of time it takes for the account balance to reach $800. Show your work.

1 Expert Answer


Larry S. answered • 05/24/20

5 (619)

Cornell Engineering Grad for SAT Math, Physics, all High School Math!

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