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25 March, 11:35

Kristin's grandparents started a savings account for her when she was born. They invested $500 in an account that pays 8% interest compounded annually. What is an equation that can be used to model the amount of money in the account on Kristin's xth birthday?

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  1. 25 March, 13:40
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    Y = 500 +.08x is the correct answer
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