Aaron K.

asked • 05/05/22

I need help on this question

Jerry won $200,000 on the Who Wants to be a Zillionaire? game show. He decides to place the money

account that earns 10% interest compounded annually and plans not to use any of it until he retires.

points)

a.

Write an expression that represents how much money Jerry will have in x years.

b. How much money will be in the account when he retires in 2 years?

Brenda D.

tutor
Did you look up Compound Interest or are you trying derive a formula for the final Balance accumulated in 2 years? There are formulas available probably in your text or class and on the internet. You need to be sure you understand the formula and associated variables so you can plug in the data you have. Jerry will have the 200,000 he started with plus the interest he earned.
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05/05/22

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