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: 6

Answer

$8796$

Work Step by Step

$y=C(1+r)^x$ $C=29; r=0.61; x=12$ $y=29(1+0.61)^{12}$ $y=29(1.61)^{12}$ $y\approx8796$
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