Minerva starts a savings account with $50. The interest on the account balance is compounded annually. The graph below shows the account balance in terms of x, the number of years since the account was opened. After 12 years, Minerva's account balance should be about $100, assuming that she does not add or withdraw any money from the account.

Question

Patricia Lambert

30 May, 23:29

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Answers (1)

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Kylee · Answer 1

First, divide 50 by 12 to get 4.16 with 6 repeating.

Second, double check to make sure you got 100.