Transcription of Name Period Exponential Growth Algebra 10 - AGMath.com
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Name Period Exponential Growth Algebra 10 - AGMath.com
AlgebraExponential value of invested money grows or shrinks means that if you have invest $1000 at a rate of 10%:In the first year, $100 will be added and the value will grow from $1000 to $ the 2nd year, $110 will be added and the value will grow from $1100 to $ the 3rd year, $121 will be added and the value will grow from $1210 to $ is an equation the we can use to model this Growth , so that we do not need to continue to addthese Interest :trpV)1( V is the is the principal or original amount is the rate of Growth (percent as a decimal - this can be negative.)t is the time - usually in years if we are computing annual the equation above and a calculator to determine what happens to the value of money investedat the given rates and times:1. $1000 invested at 3% after 10 $300 invested at 10% after 10 $500 invested at 7% after 10 $1000 invested at 3% after 20 $300 invested at 10% after 20 $500 invested at 7% after 20 investment is worth the most after 10 years?
Exponential Growth Algebra 10.E For each problem, graph the equations and answer the questions that follow. V p(1 r)t 1. You have $100 invested in an account …
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