Question

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 1

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

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Answer 2

Answer:

b

Step-by-step explanation:

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