# 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)^8A=500*1.07218A=536.09\$

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