Question:
A person invested $4,300 in an account growing at a rate
Last updated: 8/4/2022
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A person invested $4,300 in an account growing at a rate allowing the money to double every 12 years. Write a function showing the amount of money in the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year, to the nearest hundredth of a percent. Function: f(t) =________ _______ _________ % increase per year