MODELING REAL LIFE You deposit $2100 in an account that earns 5.2% annual interest compounded continuously. a. Find the balance of your account after 10 years and after 15 years. 10 years: $ 15 years: $ b. Your friend deposits $2550 in an account that earns simple interest at an annual rate of 4.8%. The account with a greater balance after 10 years is and after 15 years
MODELING REAL LIFE You deposit $2100 in an account that earns 5.2% annual interest compounded continuously. a. Find the balance of your account after 10 years and after 15 years. 10 years: $ 15 years: $ b. Your friend deposits $2550 in an account that earns simple interest at an annual rate of 4.8%. The account with a greater balance after 10 years is and after 15 years
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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![MODELING REAL LIFE You deposit $2100 in an account that earns 5.2% annual interest compounded continuously.
a. Find the balance of your account after 10 years and after 15 years.
10 years: $
15 years: $
b. Your friend deposits $2550 in an account that earns simple interest at an annual rate of 4.8%.
The account with a greater balance after 10 years is
and after 15 years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7bd13c24-f2fe-4ff4-97b2-df82ca1c010b%2F4b6bbdf7-d5eb-423b-9cc3-27c6cdcb318b%2F2z3uiu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:MODELING REAL LIFE You deposit $2100 in an account that earns 5.2% annual interest compounded continuously.
a. Find the balance of your account after 10 years and after 15 years.
10 years: $
15 years: $
b. Your friend deposits $2550 in an account that earns simple interest at an annual rate of 4.8%.
The account with a greater balance after 10 years is
and after 15 years
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