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John recently purchased $5,204.00 worth of a stock that is expected to grow in value by 11% each year for the next ten years. Assuming this growth forecast holds, which function will show the value of John's stock in t years?

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chloeroebuck2021

Answer:

S = 5204 x 0.11 x t

Step-by-step explanation:

Simple interest formula

Simple = Principal x Rate x Time

So for Simple interest, our formula would look like this:

S = 5204 x 0.11 x t

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