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1. The best way that we can represent the condo that Claire bought is by option B. [tex]350000(1.05)^{t}[/tex]
To determine the function, we would have to do so by making use of the given equation that we have here.
This is given as
Ct = [tex]A(1+r)^t[/tex]
Where a is the principal
r is the rate of interest and
t is the time
2. we have 70 = 30(1.03)^t
70/30 = (1.03)^t
We have to take the log of the function above in order to find the value of t
t = 28.665
This is approximated to 29
Hence the answer here is option A after 29 weeks.
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