Asked by Kai

John, Sally, and Natalie would all like to save some money. John decides that it would be best to save money in a jar in his closet every single month. He decides to start with $300, and then save $100 each month. Sally has $6000 and decides to put her money in the bank in an account that has a 7% interest rate that is compounded annually. Natalie has $5000 and decides to put her money in the bank in an account that has a 10% interest rate that is compounded continuously.

What type of equation models John’s situation? ______
Write the model equation for John’s situation________
How much money will John have after 2 years? _______
How much money will John have after 10 years? ________
Answered by bobpursley
Where are you stuck on this?
Answered by Kai
The whole thing. I don't understand it.
Answered by oobleck
We have the following growth functions
John: 300 + 100x after x months
Sally: 6000 * 1.07^x after x years
now, what do you know about continuous interest?
Answered by Bobberson
dude just wants the entire answer i'm sure
Answered by ligma balls
girth.
Answered by John
You want to multiply the vector scalar projected onto the dot product of the terminal crosss product's velocity. Basically, the answer is relative to the proximity to gargantua's event horizon...
-Kip Murz Thorne