Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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1.
Krystal was given $3000 when she turned 2 years old. Her parents invested it at a 2% interest rate
compounded annually. No deposits or withdrawals were made. Which expression can be used to
determine how much money Krystal had in the account when she turned 18?
1) 3000(1+0.02)
16
2) 3000(1– 0.02)
3) 3000(1 + 0.02)
4) 3000(1-0.02)
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Transcribed Image Text:1. Krystal was given $3000 when she turned 2 years old. Her parents invested it at a 2% interest rate compounded annually. No deposits or withdrawals were made. Which expression can be used to determine how much money Krystal had in the account when she turned 18? 1) 3000(1+0.02) 16 2) 3000(1– 0.02) 3) 3000(1 + 0.02) 4) 3000(1-0.02)
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