2. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend Lyla invests $3000 in a certificate of deposit that pays 7.75% compounded continuously. For Linda: cab Module 4 a. State which formula should be used to solve this problem. b. Write the function for Linda. c. Determine how much Linda would have in her account after 20 years. Work: the expr For Lyla: a. State which formula should be used to solve this problem. b. Write the function for Lyla. Amount: Work: c. Determine how much Lyla would have in her account after 20 years. Amount:
2. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend Lyla invests $3000 in a certificate of deposit that pays 7.75% compounded continuously. For Linda: cab Module 4 a. State which formula should be used to solve this problem. b. Write the function for Linda. c. Determine how much Linda would have in her account after 20 years. Work: the expr For Lyla: a. State which formula should be used to solve this problem. b. Write the function for Lyla. Amount: Work: c. Determine how much Lyla would have in her account after 20 years. Amount:
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 66SE: Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from,...
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Transcribed Image Text:For Linda:
2. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend Lyla invests
$3000 in a certificate of deposit that pays 7.75% compounded continuously.
yad
Lab Module 4
a. State which formula should be used to solve this problem.
b. Write the function for Linda.
c. Determine how much Linda would have in her account after 20 years.
Work:
Work:
Amount:
obtained in part
ate the population in the year 2050. Write
tence using proper grammar and correct spelling.
For Lyla:
a. State which formula should be used to solve this problem.
b. Write the function for Lyla.
c. Determine how much Lyla would have in her account after 20 years.
Amount:
2010 amour
Now, determine who has more money after 20 years, Linda or Lyla?
2
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