To write an exponential growth model to describe the situation.
The exponential growth model is
Given information:
$800 is deposited in an account that pays 2% interest compounded daily.
Concept used:
An exponential growth model is given by
Calculation:
For the given scenario
Since account pays 2% interest compounded daily, the amount in the account at any time
Simplify the expression.
Conclusion:
The exponential growth model is
Chapter 4 Solutions
Holt Mcdougal Larson Algebra 2: Student Edition 2012
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