Algebra: A Combined Approach (4th Edition)

Published by Pearson
ISBN 10: 0321726391
ISBN 13: 978-0-32172-639-1

Chapter 12 - Section 12.4 - Exponential Growth and Decay Functions - Exercise Set: 1

Answer

$451$

Work Step by Step

$y=C(1+r)^x$ $C=305; r=0.05; x=8$ $y=305(1+0.05)^8$ $y=305(1.05)^8$ $y\approx451$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.