Ask a New Question
Search
Asked by
Katie
You deposit $400 in a savings account that earns 7% interest compounded annually. What is the function that represents your balance after t years?
Answers
Answers
Answered by
Reiny
just sub into the basic formula:
amount = 400(1.07)^t
Answered by
von
whats the balance after 2 years
Related Questions
Related
you deposit $ 900 in a savings account that earns 4%interest coumpounded once a year and has no serv...
You deposit $70 in a savings account that pays an annual interest rate of 3%. How much simple i...
You deposit $3,000 in a savings account that earns 6% simple interest. How long will it be before yo...
You deposit $9000 in a savings account that earns 3.6% annual interest compounded monthly. You also...
Deposit $21,000 in a savings account paying 5.5% simple interest how much interest will you earn in...
you deposit $6450 in a savings account. After 4 years, you have earned $1806 in interest, What simpl...
You deposit $4,000 in a savings account with a 5% annual interest rate compounded monthly . What is...
Pat deposit $600 in his savings account at a simple interest rate of 6% per year for five years. How...
You deposit $100 into a savings account that earns an annual 2% interest rate. What amount of intere...
You deposit $1,000 in a savings account that earns 6% interest per year. Simple Interest t Princ...