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A savings account compounds interest, at a rate of 25% once a year. Eve puts 500 in the account as t...
5 months ago
Q:
A savings account compounds interest, at a rate of 25% once a year. Eve puts 500 in the account as the principal. How can eve set up a function to track the amount of money she has?
Accepted Solution
A:
f(x) = 500(1.25)^x would be the function