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02-02-2017
Mathematics

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Please Please help me... 30 pts and brainliest for a GOOD COMPLETE SENSIBLE ANSWER

A savings account is started with an initial deposit of $500. The account earns 1.5% interest compounded annually.
(a) Write an equation to represent the amount of money in the account as a function of time in years.
(b) Find the amount of time it takes for the account balance to reach $800. Show your work.

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02-02-2017

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