1. use the function described below to answer questions 1 - 4.
yvonne invested $4,000 i...
Mathematics, 25.01.2020 09:31 861819
1. use the function described below to answer questions 1 - 4.
yvonne invested $4,000 in a savings account which pays 3.5% interest compounded annually. use the formula a = p(1 + r)t, where p is the principal, r is the interest rate, and t is the time in years.
what is the percent of increase as a decimal? do not round.
2. approximately, how much money will yvonne have in 4 years? round to the nearest cent.
3. approximately, how much money will yvonne have in 8 years? round to the nearest cent.
4. approximately, how many years will it take for yvonne to double her money? write the number of years only.
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Answers: 1
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