Ayden invested $560 in an account in the year 1990, and the value has been growing exponentially at a constant rate. The value of the account reached $700 in the year 1994. Determine the value of the account, to the nearest dollar, in the year 2002.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

he will have 300 because he is really broke and 300 is in his imangine

step-by-step explanation: he ehe heh step by the thy