Math Problem Statement

A 2 ​ =(A 1 ​ +20,000)(1+ 2×100 8 ​ ) 2×4

𝐴 2

( 𝐴 1 + 20 , 000 ) × ( 1.04 ) 8 A 2 ​ =(A 1 ​ +20,000)×(1.04) 8

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Compound Interest

Formulas

A2 = (A1 + 20,000) × (1.04)^8

Theorems

Compound Interest Formula

Suitable Grade Level

Grades 9-12