In 2005, a principal of $3200 was invested at 4.25% interest, compounded annually. Let t be the number of years since 2005. Let y be the value of the investment, in dollars. Write an exponential function showing the relationship between y and t.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 2SE: Given a formula for an exponential function, is itpossible to determine whether the function grows...
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Writing an equation that models exponential growth or decay
In 2005, a principal of $3200 was invested at 4.25% interest, compounded annually.
Let t be the number of years since 2005. Let y be the value of the investment, in dollars.
Write an exponential function showing the relationship between y and t.
Transcribed Image Text:Writing an equation that models exponential growth or decay In 2005, a principal of $3200 was invested at 4.25% interest, compounded annually. Let t be the number of years since 2005. Let y be the value of the investment, in dollars. Write an exponential function showing the relationship between y and t.
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