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Which equation represents the number of years (t) that it takes $200 to grow to $500 if it is growing at an exponential rate of 15% per year? A 500=200(0.15)t B 500=0.15(200)t C…
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Which equation represents the number of years (t) that it takes $200 to grow to $500 if it is growing at an exponential rate of 15% per year? A 500=200(0.15)t B 500=0.15(200)t C…
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Oct 22, 2023
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Which equation represents the number of years (t) that it takes $200 to grow to $500 if it is growing at an exponential rate of 15% per year?
A
500=200(0.15)t
B
500=0.15(200)t
C
500=200(1.15)t
D
500=1.15(200)t
Mathematics
college
Ankit Raonka
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Ankit Raonka
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The answer is A
500=200(0.15)t
Because compound interest is written in the form of P(1+r/100)t
Matt Fellows
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Oct 28, 2023
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Matt Fellows
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