Reality Math | Applied Math Curriculum
Aug 15, 2013 · An exponential function with a constant growth rate doubles in approximately. 70 / (100r) years. For example, if the growth rate of a single deposit in the bank is 3.5%, the deposit will double in . 70 / 100(0.035) = 70 / 3.5 = 20 years. 6. Suppose you deposit a salary bonus of $5000 into a bank account earning 3.5% interest compounded annually ................
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