Algebra 1

Published by Prentice Hall
ISBN 10: 0133500403
ISBN 13: 978-0-13350-040-0

Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Lesson Check - Page 458: 8


The student didn't divide the interest rate by 100 (to get a decimal) before dividing by 4. $536.09

Work Step by Step

$ A = 500*(1+(.035/4))^{4*2}$ $A=500*(1+.00875)^8$ $A=500*1.07218$ $A=536.09$
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