shaun plotted a point on the number line by drawing 5 equally spaced marks between 0 and 1 and placing a point on the third mark
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Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,
Thus, after 9 years the account will be worth 13709.60$
For 
and 
to be inversely proportional, there must be some constant 
such that
Given that
when 
, it follows that
Then when
, we have
Given that
Then when