OpenStax, Intermediate Algebra 2e §10.2 Evaluate and Graph Exponential Functions · Exercise 54 · Algebra · Exponentials & logarithms

Evaluate and Graph Exponential Functions · Exercise 54

Use an exponential model to solve.

Nazerhy deposits $\$ 8,000 $ina cer t i f i c a t eo f d e p os i t . T h e ann u a l in t er es t r a t e i s$ 6 \%$ and the interest will be compounded quarterly. How much will the certificate be worth in 10 years?

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OpenStax, Intermediate Algebra 2e · §10.2 Evaluate and Graph Exponential Functions · Exercise 54

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