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23 September, 16:24

Suppose the amount of money in a bank account with an initial balance of $8,000 earns 2.5 percent interest per year. If the exponential function, y=A*B^x, is used to model this situation, which value would represent B in the function?

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  1. 23 September, 16:49
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    what is 2.5% in decimal form? that is 0.025

    B = 1 + 0.025 = ? 1.025 is your asnwer
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