Genevieve deposited $400 into her bank account. The equation A(t) = 400(1.07) can be used to calcula the value of her money after t years. What is the annual interest rate she is earning on her deposit?

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asked Jan 28, 2022 92.6k views

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Genevieve deposited $400 into her bank account. The equation A(t) = 400(1.07) can be used to calcula

the value of her money after t years. What is the annual interest rate she is earning on her deposit?
0.07%
1.07%
7%
O
107%

Genevieve deposited $400 into her bank account. The equation A(t) = 400(1.07) can-example-1

Mathematics
high-school

Lauri asked

by Lauri

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4 votes

Answer: 7%

Step-by-step explanation: I did the test.

Paul Woitaschek answered Feb 3, 2022

by Paul Woitaschek

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