A bank account earns 3% annual interest compounded annually. After 10 years, \500$ grows to about:
- A
\650$
- B
\700$
- C
\615$
- Dcheck_circle
\672$
Explanation
500(1.03)^{10} \approx 500 \cdot 1.3439 = \672$.
Nonlinear Functions
SAT Math· difficulty 3/5
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