/a/ND 10TY hape of this graph illustrates onential 2. You have purchased Canada Savings Bonds that will earn 9% interest per year. The total value (A) of given year can be calculated using the formula A= P(1.09)", where Pis the initial value of the bonds and n number of years the money has been invested. a) Make a ROUGH sketch of the graph of this relation for an initial value of $500. b) What will be the value of the bonds after 5 years? c) What will be the value of the bonds after 25 years? ing village on the east coast is decre

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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Please help me fast. It’s question 2 for my homework
E40DAW/a/ND 1OTY5MTEXNDQ0
The
The shape of this graph illustrates
exponential
expone
2. You have purchased Canada Savings Bonds that will earn 9% interest per year. The total value (A) of the bonds for an
given year can be calculated using the formula A P(1.09)", where Pis the initial value of the bonds and n is the
number of years the money has been invested.
a) Make a ROUGH sketch of the graph of this relation for an initial value of $500.
b) What will be the value of the bonds after 5 years?
c) What will be the value of the bonds after 25 years?
ig village on the east coast is decre
Transcribed Image Text:E40DAW/a/ND 1OTY5MTEXNDQ0 The The shape of this graph illustrates exponential expone 2. You have purchased Canada Savings Bonds that will earn 9% interest per year. The total value (A) of the bonds for an given year can be calculated using the formula A P(1.09)", where Pis the initial value of the bonds and n is the number of years the money has been invested. a) Make a ROUGH sketch of the graph of this relation for an initial value of $500. b) What will be the value of the bonds after 5 years? c) What will be the value of the bonds after 25 years? ig village on the east coast is decre
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