Suppose you invest $500 in a savings account that pays 3.5% annual interest.
a. Is this exponential growth or decay?
b. How much will be in the account after 5 years?
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Home » Mathematics » Suppose you invest $500 in a savings account that pays 3.5% annual interest. a. Is this exponential growth or decay? b. How much will be in the account after 5 years?