Answer:
An exponential function with a growth factor of 1/2 would have 1.5^x as part of it.
The exponential growth function is as follows.
r is the rate of growth (0.50)
Bailey washington!2!1&1$282$/$2
6/8-3/8
3/8
the answer to 3/4-3/8 is 3/8
<span>In 3 years, you will have $8,103.38
Formula:
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<span>A = P (1 + r/n)<span> ^(nt)</span></span>
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
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