1000e gives the amount in a bank account earning interest rate r for t 2. The equation A = years, if the account starts at $1,000.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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If the interest rate is r, how long will it take to have $10,000? The answer will depend on r.

2. The equation A = 1000e gives the amount in a bank account earning interest rate r for t
years, if the account starts at $1,000.
(a)
Transcribed Image Text:2. The equation A = 1000e gives the amount in a bank account earning interest rate r for t years, if the account starts at $1,000. (a)
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