Question

Nolan begins a savings account with $100 at 2% interest according to the equation where Vn is the value of his account after x years. Anias invests $100 at 2% interest three years after Nolan.

Answer 1

The answer for a question worded very similar to this on edge is actually 94.23 just did it

Explanation:

Answer 2

Let's assume

amount invested is P

Since, we are given

Nolan invested equation as

`V_n=P(1.02)^x`

Anias invested equation as

`V_a=100(1.02)^(x-3)`

now, we can set them equal

`P(1.02)^x=100(1.02)^(x-3)`

now, we can solve for P

`P=(100(1.02)^(x-3))/((1.02)^x)`

now, we can simplify it

`P=100(1.02)^(x-3-x)`

`P=100(1.02)^(-3)`

`P=94.2322`

So, she needed to invest $94.2322 to have the same amount of money that she has three years later........Answer