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: 18

Answer

$504$

Work Step by Step

$y=C(1+r)^x$ $C=200; r=0.08; x=12$ $y=200(1+0.08)^{12}$ $y=200(1.08)^{12}$ $y\approx504$
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