Nathan Blackburn

Mathematics

26 June, 21:06

Three years ago, Andy invested $7,000 in an account that earns 10% interest compounded annually. The equation y = 7,000 (1.10) t describes the balance in the account, where t is time in years. Andy made no additional deposits and no withdrawals. How much is in Andy's account at this time? Round to the nearest dollar.

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