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PROBLEM SOLVING GROWTH Question & Answer Key Resources SAT Questions Jaya Mathematics

SAT Questions Jaya Mathematics PROBLEM SOLVING GROWTH

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Grant invests in a bond that earns 4.2 percent interest compounded annually. His initial deposit was $700, and he uses the expression $700(1+r)t to find the value of the bond after t years.

What is the value of r in the expression?

Resource: Question

Question Type: Numeric Answer

Standard(s):HSN.Q.A.2

Standard Description: Define appropriate quantities for the purpose of descriptive modeling

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