Ask a New Question

A company deposits $5,000 in a bank account that earns 3% compound interest each year.which function represents the value,V(t),in dollars,of the bank account after t years?

1 answer

$5000 (1 + .03)^t

Ask a New Question or answer this question.

Similar Questions

Luke deposits $3,500 into each of two savings accounts.Account I earns 3% annual simple interest. Account II earns 3% interest
1. 1 answer
Deposits $3500 into each of two savings accounts account one earns 3% annual simple interest account two earns 3% interest
1. 1 answer
Oliwia is opening a bank account. She learns that there is a special promotion where if she deposits $3,000 and then makes no
1. 1 answer
Oliwia is opening a bank account. She learns that there is a special promotion where if she deposits $3,000 and then makes no
1. 2 answers

more similar questions