What is the range of the function shown on the graph?
1 answer:
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Answer:
$25342.18
Step-by-step explanation:
Suppose my friend's parents invest $15000 in an account paying 6% compound interest which is compounded annually.
So, we have to calculate the balance that will become after 9 years i.e. the maturity amount after 9 years.
Now, using the formula of compound interest we get the sum as
dollars (Approximate)
(Answer)