Mathematics
Mathematics, 01.05.2021 05:10, chem1014

A broker promises to grow your money exponentially at 12% per year. Your starting investment is $500. A. Write an exponential growth equation to calculate how much your investment will grow after t years.

B. What is the y- intercept and growth factor of the scenario?

C. How much money will you have in the bank after 7 years?

D. How much money will you have in the bank after 14 years?

answer
Answers: 3

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A broker promises to grow your money exponentially at 12% per year. Your starting investment is $500...

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