Question

(Exponential Models)

a.) Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the account after 5 years?

$_ _ _ . _ _

b.) Suppose you invest $500 in a savings account that pays 3.5% annual interest. When will the account contain at least $650?

After _ years.

Answer 1

A- 3.5 percent of 500 then divide that by 5
B- same thing just add then divide