Lila wants to start a college fund for her Carla. She puts $63,000 into an account that grows at a rate of 2.55% per year, compounded annually. Write a function, C(t), that represents the amount of money in the account t years after the account is opened, given that no more money is deposited into or withdrawn from the account. Determine the number of years it will take for the account to reach $100,000.

Lila wants to start a college fund for her Carla. She puts $63,000 into an account that grows at a rate of 2.55% per year, compounded annually. Write a function, C(t), that represents the amount of money in the account t years after the account is opened, given that no more money is deposited into or withdrawn from the account. Determine the number of years it will take for the account to reach $100,000.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter9: Quadratic Functions And Equations

Section9.9: Combining Functions

Problem 2AGP

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