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Mathematics, 05.05.2021 19:10 barnhill4755

Leo is looking at two different savings plans. The first plan requires an initial deposit of $500 and grows at an annual interest rate of 2.5%. The second plan requires an initial deposit of $400 and interest grows continuously at a rate of 2% per year. Leo wrote a system of equations to represent the account balance of either plan, y, after x years. Which two equations are part of the system?


Ignore the 500 part.


1. \\400(1.02)^{x} \\\\2. \\400e^{0.02x} \\\\3.\\400e^{2x} \\\\

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