115k views
2 votes
Please hurry it’s urgent

Please hurry it’s urgent-example-1
User Jerzy
by
6.2k points

1 Answer

5 votes
You’ll need to make an exponential function in order to find your answer.
Let’s try the function f(x) = 870(1.037)^x.
Then, plug in three for x and your output will be the answer. Remember, you’re being asked for the balance, NOT the yield.
The answer is $970.19
User Andrey Borisko
by
5.9k points