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
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