Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her money grows by 5%. a) Write an equation representing the amount of money in the CD over time. b) How much money will Libby have after 25 years?
Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her money grows by 5%. a) Write an equation representing the amount of money in the CD over time. b) How much money will Libby have after 25 years?
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.31TI: Angela invested $15,000 in a savings account. If the interest rate is 4%, how much will be in the...
Question
Part a,b
![Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her
money grows by 5%.
a) Write an equation representing the amount of money in the CD over time.
b) How much money will Libby have after 25 years?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa589a0b1-5940-47b0-b798-8fa24b0ff23c%2F455a12bb-9364-482d-bab2-201e1b088e14%2F85bwtla_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Libby invested $2000 into a CD with a 5% annual interest rate - this means every year her
money grows by 5%.
a) Write an equation representing the amount of money in the CD over time.
b) How much money will Libby have after 25 years?
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