7. Elisa puts $1,000 into each of 2 bank accounts:
Account A: 3% interest rate, compounded ann...
Mathematics, 19.02.2020 00:53 walkereddie580
7. Elisa puts $1,000 into each of 2 bank accounts:
Account A: 3% interest rate, compounded annually.
Account B: $40 bonus added to the account each year.
a. Which account is modeled by exponential growth? How do you know?
b. Which account will yield more money in the long run?
Answers: 1
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