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Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.
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Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.
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Jan 9, 2019
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Scott invests $1000 at a bank that offers 6% compounded annually. Write an equation to model the growth of the investment.
Mathematics
middle-school
Trojek
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Answer:
the answer is A= 1000(1.06)^t
Explanation:
Smith Dwayne
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Jan 11, 2019
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Smith Dwayne
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A = 1000(1.06)^t where A is the amount of the investment after t years.
Mahendran
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Jan 13, 2019
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