Exponential Functions, Recognizing Equation From A Set Of Points Worksheet With Answers - 2014 Page 7

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November 12, 2014
6) Suppose you have $475 invested in a bank. Your bank
advisor tells you to expect your money to double in about twelve
years.
Write an exponential equation to model the situation described
.
Find the balance of your account after 3.5 years.
When could you expect your bank balance to be $1000 if neither
deposits nor withdrawals are made?

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