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Use the Exponential Growth Formula to Find the Final Amount

Question 109

Multiple Choice

Use the exponential growth formula to find the final amount. Round to the nearest whole.
-  Original  Amount  Growth  Rate per Year  Number  of Years,  Final Amount after  x Years of Growth 2664%16\begin{array}{c|c|c|c}\begin{array}{c}\text { Original } \\\text { Amount }\end{array} & \begin{array}{c}\text { Growth } \\\text { Rate per Year }\end{array} & \begin{array}{c}\text { Number } \\\text { of Years, }\end{array} & \begin{array}{l}\text { Final Amount after } \\\text { x Years of Growth }\end{array} \\\hline 26 & 64 \% & 16 &\end{array}


A) 64,562
B) 78,472
C) 346,964
D) 71,199

Correct Answer:

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