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OpenStudy (anonymous):
A new savings account starts at $700 and increases at 1.2% quarterly; 2 years. Find the value of the exponential growth?
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OpenStudy (anonymous):
@Quantaliinuxite
OpenStudy (anonymous):
Quarterly means every 3 month (every quarter of a year) 2 years is 24 month. What's 24/8?
OpenStudy (anonymous):
and then put it in the equation p x (1+r)^t
OpenStudy (anonymous):
8?
OpenStudy (anonymous):
Yup
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OpenStudy (anonymous):
how
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