8
RCMultiple Choice

Unit Test — Cumulative exam

Question 8 • 25-26 CRX Math Models with Applications 7052A

If $10,000 is invested at an interest rate of 3.5% each year, what is the value of the investment in 7 years? Write an exponential function and solve.

Question illustration
Answer
A
;$7859.91
B
;$12,722.79
C
;$74,933.58
D
;$64,339.30
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