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vanessa invested $2,500 into an account that will increase in value by 3.5% each year. Write an exponential function to model this situation,then find the value of the investment after 20 years​

Answer :

bayosanuade

Answer: (i) A = 2500 ([tex](1.035)^{n}[/tex]

(ii) A =$ 4,974.47

Step-by-step explanation:'

The exponential function is given as :

A = P[tex](1+r)^{n}[/tex]

Where :

A = amount

P = principal

r = rate %

n = number of years

substituting , the exponential function to model the situation becomes

A = 2500 ([tex](1.035)^{n}[/tex]

(ii) when n = 20 , the Amount becomes

A = 2500([tex](1.035)^{20}[/tex]

A =$ 4,974.47

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