Thong opened a compound interest account. He made an initial deposit of $1,025. The account pays him 3.4% annual interest and is compounded annually. If Thong doesn't make any other deposits into this account, how many years will it take for the balance in Thong's account to be $2,000? Here is the Balance Function for a compound interest account. Round your answer to the nearest tenth of a year. In the image.
Thong opened a compound interest account. He made an initial deposit of $1,025. The account pays him 3.4% annual interest and is compounded annually. If Thong doesn't make any other deposits into this account, how many years will it take for the balance in Thong's account to be $2,000? Here is the Balance Function for a compound interest account. Round your answer to the nearest tenth of a year. In the image.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
Problem 10RE
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Thong opened a compound interest account. He made an initial deposit of $1,025. The account pays him 3.4% annual interest and is compounded annually. If Thong doesn't make any other deposits into this account, how many years will it take for the balance in Thong's account to be $2,000? Here is the Balance Function for a compound interest account. Round your answer to the nearest tenth of a year. In the image.
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