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The table shows the balance of an investment account at the beginning of each year the account was held. Assuming that no other deposits have been made to the account, which statement describes the account’s growth?

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Stormyxiibear
Uh okay well I kinda need to see the table that shows the balance so...
24nanjoshua

500, 510, 520.20

500/100 = 5 or 1% of 500

5 x 2 = 10 or 2% of 500

500 + 10 = 510

From 500 to 510, we can see that it increase by 2%.

510/100 = 5.1 or 1% of 510

5.1 x 2 = 10.2 or 2% of 510

510 + 10.2 = 520.20.

From 510 to 520.20, we can see that it increase by 2%.

We can conclude that the investment is steadily going up by 2%.

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