Dominic invested $520 in an account in the year 1995, and the value has been growing exponentially at a constant rate. The value of the account reached $770 in the year 2001. Determine the value of the account, to the nearest dollar, in the year 2005.

 

Answer rating: 100% (QA)

To determine the value of the account in the year 2005 we can use the formula for exponential growth ... View the full answer