Mathematics, 16.10.2021 21:00 ShelleyPSeliger
Marty the Marmoset wants to save money to buy a really big present for their longtime sweetheart, Dana the Dugong. Right now Marty has $1500, and knows the local River Bank will give them 3.75% per year on any investments.
What is the initial value?
What is the multiplier?
Write an exponential equation to model this situation.
Use the equation from part c it to figure out how much money Marty will have in 5 years to buy Dana a present.
Answers: 2
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