## Algebra 1

Published by Prentice Hall

# Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Lesson Check - Page 458: 7

#### Answer

The decimal part ($r/n$) can be simplified to just $r$, and the exponent ($nt$) can be simplified to just $t$

#### Work Step by Step

Since $n=1$ when we want to compound annually, we can simplify the decimal and the exponent.

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