$11,000 is invested for 3 years at an annual simple interest rate of 13%. (a) How much interest will be earned? $ X (b) What is the future value of the investment at the end of the 3 years? $ X

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 6GP
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$11,000 is invested for 3 years at an annual simple interest rate of 13%.
(a) How much interest will be earned?
$
x
(b) What is the future value of the investment at the end of the 3 years?
x
$
Transcribed Image Text:$11,000 is invested for 3 years at an annual simple interest rate of 13%. (a) How much interest will be earned? $ x (b) What is the future value of the investment at the end of the 3 years? x $
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