jpharper123 jpharper123

28-02-2017
Mathematics

Answered

You deposit $1500 in an account that pays 5% interest yearly.

AWrite an exponential equation describing this situation.

BHow much money do you have after 6 years?

Verified Answer :

thatkidbryana thatkidbryana

28-02-2017

The answer to B is $1950 because the 5% equal 75 dollars and 75 times 6 equals 450 so 1500 plus 450 equal 1950

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