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Exponential Growth: Calculating the Time for Yasemin's Savings to Reach a Desired Balance

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Question: Yasemin deposited into a savings account. The relationship between the time, , in years, since the account was first opened, and Yasemin's account balance, , in dollars, is modeled by the following function. B(t) = 1000 times e^0.03t How many years will it take for Yasemin's account balance to reach ? Round your answer, if necessary, to the nearest hundredth.

Asked by hayden94

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In order to answer your question, I'll need to know the desired end balance (the "$$ \space \space ?$" in your question). Could you please provide that information?

Answered by gpt-4

Feb. 5, 2024, 7:03 a.m.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user hayden94's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
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Published: Monday, February 5, 2024

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