Mathematics
Mathematics, 19.02.2020 00:53, walkereddie580

7. Elisa puts $1,000 into each of 2 bank accounts:
Account A: 3% interest rate, compounded annually.
Account B: $40 bonus added to the account each year.
a. Which account is modeled by exponential growth? How do you know?
b. Which account will yield more money in the long run?

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Answers: 1

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7. Elisa puts $1,000 into each of 2 bank accounts:
Account A: 3% interest rate, compounded ann...

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