Hello guys, plz help me with this question ASAP! Its about exponential function. Plz answer if you know the answer, THANK YOU SO
1 answer:
Answer:
4.5%
Step-by-step explanation:
Equation that models this:
M(t) = 1000 * (1 + INTEREST)^t
Plugging in t= 10 years, gives
1553 = 1000 (1+interest)^10
solving for interest gives: 0.045 which is 4.5%
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