Mathematics, 23.07.2021 17:50 acaciacoats

Suppose you borrow $700 at 8.3% a year, compounded annually. The amount you must pay back after n years is given by the equation
A=700(1.083)^n.
Estimate the number of years it will take for the amount owed to grow to $1150 using systematic trials. Show all work!

Answers: 2

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Suppose you borrow $700 at 8.3% a year, compounded annually. The amount you must pay back after n y...

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Suppose you borrow $700 at 8.3% a year, compounded annually. The amount you must pay back after n years is given by the equation A=700(1.083)^n. Estimate the number of years it will take for the amount owed to grow to $1150 using systematic trials. Show all work!

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Other questions on the subject: Mathematics

Questions in other subjects:

Suppose you borrow $700 at 8.3% a year, compounded annually. The amount you must pay back after n years is given by the equation
A=700(1.083)^n.
Estimate the number of years it will take for the amount owed to grow to $1150 using systematic trials. Show all work!