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6. You deposit $1500 in an account that pays 5% interest yearly. a. Write an exponential equation describing this situation. b. How much money do you have after 6 years?

6. You deposit $1500 in an account that pays 5% interest yearly. a. Write an exponential equation describing this situation. b. How much money do you have after 6 years?
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6. You deposit $1500 in an account that pays 5% interest yearly.

a. Write an exponential equation describing this situation.




b. How much money do you have after 6 years?

User Gelya
by
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1 Answer

2 votes
The answer to B is $1950 because the 5% equal 75 dollars and 75 times 6 equals 450 so 1500 plus 450 equal 1950
User Fadly Dzil
by
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