A principal amount of $2,000 is placed in a savings account with an 8% annual interest rate, compounded semi-annually. Which table best models the growth of the account balance? O 0 1 2 3 4 y $2,000 $2,163.20 $2,339.72 $2,530.64 $2,737.14 O 0 1 2 3 4 y $2,000 $2,166.57 $2,347.02 $2,542.50 $2,754.26 X O 0 1 2 3 4 y $2,000 $2,008 $2,016 $2,024 $2,032 0 1 2 3 4 y $2,000 $2,160 $2,320 $2,480 $2,640
A principal amount of $2,000 is placed in a savings account with an 8% annual interest rate, compounded semi-annually. Which table best models the growth of the account balance? O 0 1 2 3 4 y $2,000 $2,163.20 $2,339.72 $2,530.64 $2,737.14 O 0 1 2 3 4 y $2,000 $2,166.57 $2,347.02 $2,542.50 $2,754.26 X O 0 1 2 3 4 y $2,000 $2,008 $2,016 $2,024 $2,032 0 1 2 3 4 y $2,000 $2,160 $2,320 $2,480 $2,640
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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