An investment of $10,596 was made and is increased by one of the two methods described below. For each method, write a formula that gives the value of the investment, C, in terms of the number of years,X, since the investment was made (Use a caret ^ to indicate exponent(s) in your answer(s).) Blank 1: The investment is increased by $4,392 each year. Blank 2: The investment is increased by 27.39% each year. (In other words, each year's yield is 127.39% of the previous year.)
An investment of $10,596 was made and is increased by one of the two methods described below. For each method, write a formula that gives the value of the investment, C, in terms of the number of years,X, since the investment was made (Use a caret ^ to indicate exponent(s) in your answer(s).) Blank 1: The investment is increased by $4,392 each year. Blank 2: The investment is increased by 27.39% each year. (In other words, each year's yield is 127.39% of the previous year.)
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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