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Peyton invested $300 into a savings account. The equation A = 300(1.005)12t models the amount in Peyton's account A after t years. How much will be in Peyton's account after 7 years?
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Peyton invested $300 into a savings account. The equation

A = 300(1.005)12t models the amount in Peyton's account A after t
years. How much will be in Peyton's account after 7 years?

User AppMobiGurmeet
by
3.6k points

1 Answer

7 votes
Hey!
First let’s plug in 7 for t. 300(1.005)12(7), 12*7= 84
300*1.005= 301.5
301.5*84= 25,326

Peyton will have $25,326 in her account after 7 years.
User AB Bolim
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3.8k points
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