Math1

Find a bank account balance if the account starts with $100 , has an annual rate of 4% , and the money left in the account for 12Yrs.

This is a Exponential growth word problem.

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  1. y=100(1+.04)^x
    y=16777216

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  2. was is the formula

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  3. Total money= StartMoney(1+intrest)^#OfPayments

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