If $500 is deposited in a bank account paying 3.5% interest com- pounded monthly, then the account has value V (N)= 500 (1+ 0.035 dollars after N months. By examining the graph of V (N) find, to the near- est integer N, the number of months it takes for the account value to reach $800. 12
If $500 is deposited in a bank account paying 3.5% interest com- pounded monthly, then the account has value V (N)= 500 (1+ 0.035 dollars after N months. By examining the graph of V (N) find, to the near- est integer N, the number of months it takes for the account value to reach $800. 12
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 72E
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