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Question
The function gives the amount of money in a savings account after t years when $2,500 is invested at an annual interest rate of 5%. Find A(2) to find the amount of money in the savings account after 2 years. Round to the nearest cent.
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 2Substitute with in and simplify:
After 2 years, there will be in savings account.
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