A = P(1 + r/n)nt
A = 3000(1 + 0.04/52)52(5)
A = $2456
Jordan M.
asked • 02/03/21Exponential Functions
An investment of $3000 lost 4% per year compounded weekly.
A) How much is the investment worth after 5 years?
B) How long does it take for the investment to be reduced to half of the initial amount?
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