There is a bank account that has $650 as the initial value. In 8 years, the new balance of the bank account is $1,300. What is the growth rate for this bank account? Use Exponential Growth in Daily Life and Rule 72 a. 14.1% b. 22% c. 2.5% d. 9% a. 14.1% b. 22% c. 2.5% d. 9%
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There is a bank account that has $650 as the initial value. In 8 years, the new balance of the bank account is $1,300. What is the growth rate for this bank account? Use Exponential Growth in Daily Life and Rule 72
| a. |
14.1% |
|
| b. |
22% |
|
| c. |
2.5% |
|
| d. |
9% |
| a. |
14.1% |
|
| b. |
22% |
|
| c. |
2.5% |
|
| d. |
9% |
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