Kristin's grandparents started a savings account for her when she was born. They invested $500 in an account that pays 8% interest compounded annually. What is an equation that can be used to model the

asked Nov 13, 2019 39.1k views

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2 votes

Answer:

I = 500(.08)(x)

T = 500 + 500(.08)(x)

= 500 + 40x

= 20(25 + 2x)

Oran answered Nov 16, 2019

by Oran

5.3k points

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