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Holly deposited $10,000 in an investment account. After 6 years the account is worth approximately $13,400. Which formula represents the value of the account after t years?

A) V = 10,000(1.04)t
B) V = 10,000(.05)t
C) V = 10,000(1.05)t
D) V = 10,000(.04)t

User Gutiory
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1 Answer

6 votes
Answer is C
Step-by-step explanation:
The solution is V = 10,000(1.05)t. Plugging 6 in for t yields a value of approximately $13,400.
User Tigran Saluev
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