John, Sally, and Natalie would all like to save some money. John decides that it
would...
Mathematics, 15.02.2020 10:40 hijoputa
John, Sally, and Natalie would all like to save some money. John decides that it
would be best to save money in a jar in his closet every single month. He decides
to start with $300, and then save $100 each month. Sally has $6000 and decides
to put her money in the bank in an account that has a 7% interest rate that is
compounded annually. Natalie has $5000 and decides to put her money in the
bank in an account that has a 10% interest rate that is compounded continuously.
What type of equation models John’s situation?
Write the model equation for John’s situation
How much money will John have after 2 years?
How much money will John have after 10 years?
What type of exponential model is Sally’s situation?
Write the model equation for Sally’s situation
Answers: 1
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