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A Bank account starts with $300 and collects interest compounded annually with an interest rate of 4%.

In blank one, write a model to express the interest collected over t years.

In blank two, determine how much money would be in the account after 35 years.

In blank 3, after how many years would the amount of money surpass $2000?

Respuesta :

Answer:

blank one: t = (1/r)((a/p) - 1)

blank two: $720

blank three: 142 years