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Mathematics 8 Online
OpenStudy (anonymous):

interest sequence help

OpenStudy (anonymous):

OpenStudy (perl):

ok

OpenStudy (anonymous):

i have no idea how to get started with the equation

OpenStudy (anonymous):

you are beautiful just sayin...

OpenStudy (anonymous):

hah thanks

OpenStudy (anonymous):

welp gtg byyeeeee

OpenStudy (anonymous):

i think i figured it out, would it be y=1000(1.02)^x

zepdrix (zepdrix):

ummm um um um... thinking >.<

zepdrix (zepdrix):

Ahhh, yes good job c: I had the compound interest formula stuck in my head: \(\Large\rm A=P\left(1+\frac{r}{n}\right)^{nt}\) But the way you set it up works out just fine. Gives the same result :)

OpenStudy (anonymous):

because its 8% in a quarter. to find the multiplier youd do .08/4 which would give you .02 but you have to add 1 because the money is going up over time

OpenStudy (anonymous):

kay, thanks :)

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