The list shows the heights of some stickers in inches. The data will be put in a line plot
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We have been given that Greg budgeted carefully and by the time he turned 30 his retirement account balance was $22,000. We are asked to find the amount in Greg's account after 60 years if the amount grew at a rate of 10% per year.
We will use exponential growth function to solve our given problem.
, where,
y = Final amount after t years,
a = Initial amount,
r = Growth rate in decimal form,
x = Time.
Therefore, there will be approximately $618,253.6 in Greg's account.